Neoen SA announces its new share buyback program

Neoen SA recently revealed the details of its share buyback program following approval by its general meeting on May 14, 2024. This authorized program concerns the acquisition of Neoen shares, listed on Euronext Paris under the ISIN code FR0011675362.

In accordance with the specified objectives, this repurchase could be used for hedging operations for share purchase plans, free allocations to employees, or even for merger or external growth operations. The program also helps maintain the liquidity of the security on the market.

The company has established that the total number of shares repurchased will not exceed 10% of the capital, with a maximum price set at 50 euros per share, implying an allocated budget of 50 million euros. This program is planned to last 18 months, ending in November 2025.