Eurofins Scientific Initiates Fourth Share Buyback Program

Eurofins Scientific SE has announced the launch of its fourth buyback program, targeting up to 2% of its share capital. This program will commence on December 23, 2024, and continue until December 22, 2026, allowing for potential interruptions based on market conditions and investment strategy developments.

The shares acquired during this period will primarily support the company's Long-Term Incentive plans. Additional usages include potential share cancellation and financing acquisitions, contingent on Board approval. An independent financial services provider will oversee the first tranche, aiming to repurchase up to 2,600,000 shares by January 30, 2025.

The previous buyback program saw the acquisition of 3,010,000 shares, accounting for 1.56% of Eurofins' share capital.