Share buyback program approved by Manitou shareholders

On June 13, 2024, Manitou shareholders voted in favor of a share buyback program at the Combined General Meeting. This program is intended for various purposes, including the implementation of stock option plans, the granting of shares to employees and the management of obligations related to stock option programs.

The maximum amount allocated to this program cannot exceed 100 million euros. The total number of shares to be repurchased is limited to 10% of the share capital, or as of December 31, 2023, approximately 3,966,839 shares. The maximum purchase price has been set at 60 euros per share.

This program, lasting 18 months, will therefore end on December 12, 2025. It also aims to conserve shares for operations such as mergers or the animation of the secondary market.