Coface SA's Recent Share Buyback Activities Explained
Coface SA's Recent Share Buyback Activities
Coface SA, a renowned name in trade credit insurance, has recently unveiled its share buyback program, emphasizing its commitment to enhancing shareholder value. The company initiated this program as a part of its financial strategy, focusing on buying back its own shares to optimize capital structure and provide returns to investors.
Key Highlights of the Buyback Program
During the week of March 3 to March 7, 2025, the company executed several buyback transactions. The total number of shares repurchased amounted to 48,000, with a gross amount spent of €791,319. The weighted average price per share during this period was €16.4858, affirming Coface's strategic approach to managing its equity.
Daily Transactions Overview
On March 3, 2025, Coface repurchased 10,000 shares at a weighted average price of €16.5346, amounting to €165,346. Following this, the company increased its buyback to 11,000 shares on March 4 at €16.3516 per share, leading to a total expenditure of €179,868. The trend continued on March 5, where 9,000 shares were bought back, reflecting a slight increase in the average price to €16.4697 and a total cost of €148,228.
The subsequent days saw consistent buybacks, with 9,000 shares bought back on both March 6 and March 7, showcasing a steady approach to share repurchase, highlighting a commitment to strengthening the company’s market position.
Purpose Behind the Buyback
Coface's share buyback initiatives are primarily aimed at supporting its Long-Term Incentive Plan (LTIP). By repurchasing shares, the company aims to align the interests of its stakeholders, reinforce market confidence, and ensure sustainable growth. This action not only provides direct financial returns to investors but also helps the company manage its equity effectively.
Details on Share Transactions
The share buyback program was publicly disclosed on the company’s website under the category of own share transactions, offering transparency to investors and analysts alike. The program details are also included in the 2023 Universal Registration Document, reiterating the importance of maintaining shareholder trust and regulatory compliance.
Contacts for Investor Relations
Coface SA encourages dialogue with its investors and analysts, providing direct contacts for inquiries. Thomas Jacquet, reachable at +33 1 49 02 12 58 or via email at thomas.jacquet@coface.com, and Rina Andriamiadantsoa at +33 1 49 02 15 85 or rina.andriamiadantsoa@coface.com, are both dedicated to addressing any questions regarding the share buyback activities or other investor-related matters.
Financial Insights and Future Outlook
Looking forward, Coface's ongoing strategies are positioned to adapt to the evolving dynamics of global trade. With a robust workforce of over 5,236 employees and a turnover reported at €1.84 billion in 2024, the company remains a pivotal player in the trade credit insurance market.
This buyback initiative exemplifies Coface SA's strategy to bolster its financial health while rewarding its shareholders. As the company navigates through a changing economic landscape, its proactive financial measures will be critical in sustaining growth and profitability.
Frequently Asked Questions
What is the purpose of the share buyback program?
The share buyback program aims to enhance shareholder value, support the Long-Term Incentive Plan, and manage the company's equity effectively.
How many shares did Coface repurchase?
Coface repurchased a total of 48,000 shares from March 3 to March 7, 2025.
What was the total cost of the shares repurchased?
The total gross amount spent on repurchased shares during this period was €791,319.
Who can I contact for more information about the buyback?
For inquiries, you can reach Thomas Jacquet at +33 1 49 02 12 58 or Rina Andriamiadantsoa at +33 1 49 02 15 85, or email them directly.
Where can I find more regulatory information?
Additional regulatory information regarding Coface's share buyback and other financial documents can be found on the company's official website under investor relations.
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