from EDENRED (EPA:EDEN)
Edenred : Increase of share buyback mandate
Press release
November 19, 2024
Increase of share buyback mandate
As part of its share buyback operation announced on March 8 for a maximum amount of €300 million until March 2027, Edenred announces an increase by €39 million of the share buyback agreement concluded with an investment services provider (ISP) on September 12, 2024.
This mandate, for a cumulated amount raised up to €114 million including the shares already bought back, remains valid until May 15, 2025, and covers the remaining amount of buybacks to be executed in the frame of the initial maximum amount of €300 million. As of 19 November 2024, 6.8 million shares were purchased as part of this operation for a total consideration of €261 million.
On an indicative basis, €39 million would correspond to a total volume of 1.4 million shares (i.e.,
0.56% of the share capital), at the closing price on November 18.
Any shares bought back will be canceled, as announced on March 8.
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About Edenred
Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 60 million users and more than 2 million partner merchants in 45 countries via close to 1 million corporate clients.
Edenred offers specific-purpose payment solutions for food (such as meal benefits), engagement (such as gift cards and engagement platforms), mobility (such as multi-energy solutions, including EV charging, maintenance, toll and parking) and corporate payments (such as virtual cards).
True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and sustainable mobility.
Edenred’s 12,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.
In 2023, thanks to its global technology assets, the Group managed €41 billion in business volume, primarily carried out via mobile applications, online platforms and cards.
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Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40, CAC 40 ESG, CAC Large 60, Euronext 100, Euronext Tech Leaders, FTSE4Good and MSCI Europe.
The logos and other trademarks mentioned and featured in this press release are registered trademarks of Edenred S.E., its subsidiaries or third parties. They may not be used for commercial purposes without prior written consent from their
owners.
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CONTACTS
Communications Department
Emmanuelle Châtelain
+33 (0)1 86 67 24 36 emmanuelle.chatelain@edenred.com
Media Relations
Matthieu Santalucia +33 (0)1 86 67 22 63 matthieu.santalucia@edenred.com
Investor Relations
Cédric Appert
+33 (0)1 86 67 24 99 cedric.appert@edenred.com
Individual Shareholder Relations
Lucie Morlot
(Toll-free number from France): 0 805 652 662 relations.actionnaires@edenred.com
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