Elis Announces Significant Share Buyback Program Details
Elis Reveals Details of Share Buyback Program
In an important update for stakeholders, Elis has disclosed the significant details of its own shares buyback program, which took place recently. Following specific guidelines and regulations on share buybacks, the company conducted these transactions to enhance its value and support employee shares plans.
Overview of the Buyback Program
Elis confirmed the buybacks conducted from September 22 to September 25. These purchases were authorized by the 24th resolution under the General Shareholders' Meeting, serving dual purposes: satisfying existing performance share plans and contributing to broader employee ownership initiatives. The program included various dates and volumes of shares acquired, reflecting the company’s commitment to supporting its workforce.
Summary of Transactions
During the mentioned period, Elis actively engaged in the market, resulting in a total acquisition of 256,530 shares. This plan aims to bolster employee engagement by means of performance shares and contribute to the international employee shareholding plan known as 'Elis for All 2025'. The strategic approach exemplifies how shareholder value can align with employee involvement, motivating and retaining talent.
Specifics of Share Transactions
Across the trading days, the total shares acquired on specific dates varied, highlighting the company's tactical trading decisions. For instance, on one day alone, 35,000 shares were purchased at an average price of €23.7685. Providing transparency, the company laid out a detailed account of the daily transactions, showcasing buybacks occurring across different trading platforms, demonstrating their active participation in the market.
Strategic Intent Behind the Transactions
The objectives of these share purchases extend beyond mere ownership. By covering maturing performance share plans, Elis positions itself to incentivize and reward its employees effectively. Furthermore, any shares not utilized will be cancelled, thereby enhancing the overall share structure and profitability for existing shareholders.
Importance of Employee Engagement
Elis recognizes that a motivated workforce translates into better company performance. The buyback program is a clear indication of management's commitment not only to ownership structures but also to fostering a culture of shared success. Initiatives under the 'Elis for All' program focus on strengthening employee ties to the company, encouraging long-term investment perspectives among staff.
Further Enhancements in Shareholder Value
Adopting a progressive approach, Elis is dedicated to continuously exploring ways to enhance shareholder value. As part of this strategy, company leadership remains open to feedback and engagement with shareholders, showing readiness to adapt to market dynamics.
Contact Information for Inquiries
For further information or specific inquiries regarding the share buyback program, stakeholders are encouraged to reach out to the investor relations department. Notable contacts include:
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 by Elis?
The purpose is to cover performance share plans for employees and enhance their ownership through the 'Elis for All 2025' initiative.
How many shares did Elis buy back during the specified period?
Elis purchased a total of 256,530 shares from September 22 to September 25.
What is the average price per share bought during the buyback?
The average price per share during the buyback was approximately €23.6964.
Who can be contacted for more information regarding this program?
Stakeholders can contact Nicolas Buron or Charline Lefaucheux via their provided email addresses for detailed inquiries.
Will any shares be canceled after the buyback?
Yes, shares not utilized in the employee share plans will be canceled as per company policy.
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