on LDC (EPA:LOUP)
LDC reduces the nominal value of its shares and adjusts its buyback program
LDC Group announced on October 1, 2024 the halving of the nominal value of its shares, from €0.40 to €0.20. This decision was taken at the General Meeting of Shareholders on August 22, 2024 and implemented by the Management Board on September 30, 2024.
As a result, the maximum share purchase price under the buyback program authorized by the General Meeting is also adjusted, from €200 to €100 per share. This change does not change the other parameters of the program, the total value of which remains at €176,354,200.
The transaction was officially announced by a Euronext notice published on September 23, 2024. LDC will soon reveal its revenue for the second quarter of 2024-2025 on October 3, 2024 after market close.
R. H.
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