Recent Share Buyback Activity by Elis
Elis is excited to announce its ongoing share buyback program, which showcases its commitment to enhancing shareholder value. Between November 3 and November 7, the company undertook notable purchases of its own shares, an important strategy that illustrates the confidence the management has in the company's future.
Overview of Share Buyback Operations
Following the EU regulations on share buybacks, Elis has declared the completion of its share purchases during this recent period. The initiative is part of the approved program designed in accordance with the 24th resolution from the General Shareholder's Meeting. This resolution reinforces the company's dedication to returning value to shareholders while also engaging employees through shareholding opportunities.
Aggregated Transaction Details
The share transactions were carefully tracked, and here are the aggregated details:
- Issuer Name: ELIS SA
- Issuer Code (LEI): 969500UX71LCE8MAY492
- Total Shares Purchased: 187,213
- Average Price (in Euros): 24.1469
These transactions highlight the company's proactive financial management and strategic positioning to support both its employees and shareholders.
Purpose of the Share Buyback
The company’s share buyback operations serve a dual purpose. Firstly, they aim to cover the maturing performance share plans. Secondly, the company is set to allocate free shares to employees under the 'Elis for All 2025' international employee shareholding plan. This plan reflects the company's commitment to employee engagement and investment in human capital.
Future Engagement and Employee Shareholding Plans
Elis is profoundly dedicated to fostering a culture of ownership among its employees, which is why these share allocation plans are significant. By enabling employees to own a piece of the company, Elis ensures that its workforce is aligned with the company’s future objectives, contributing to overall morale and productivity.
Contact Information for Investor Relations
For any inquiries or additional information regarding the buyback activities, you can reach out to:
Nicolas Buron
Director of Investor Relations, Financing & Treasury
Phone: +33 (0)1 75 49 98 30
nicolas.buron@elis.com
Charline Lefaucheux
Investor Relations
Phone: +33 (0)1 75 49 98 15
charline.lefaucheux@elis.com
Frequently Asked Questions
What is the purpose of the share buyback program?
The share buyback program aims to cover performance share plans and allocate shares to employees supporting the company’s engagement initiatives.
How many shares did Elis purchase in this period?
Elis purchased a total of 187,213 shares during the buyback period from November 3 to November 7.
What was the average purchase price of the shares?
The average price of shares acquired was 24.1469 euros.
Who should I contact for more information?
You can contact Nicolas Buron or Charline Lefaucheux for inquiries regarding the share buyback program.
How does this buyback affect employees?
The buyback aims to support the 'Elis for All 2025' plan, encouraging employee ownership, which can boost morale and align interests with company performance.
