IBA Initiates Share Buyback Program to Enhance Shareholder Value
IBA Announces New Share Buyback Program
Key Announcement
Ion Beam Applications SA (IBA) has publicly declared the initiation of a strategic share buyback program, effective from March 25, 2025. This decision follows the authorization granted by the Extraordinary General Meeting held on September 4, 2023, and is in accordance with Article 7:215 of the Belgian Companies and Associations Code.
Details of the Buyback Initiative
According to the resolution from the Board of Directors dated March 18, 2025, IBA plans to repurchase up to 650,000 ordinary shares. The implementation of this buyback will occur over a set duration, concluding on December 31, 2025, contingent on market conditions. This initiative principally aims to fulfill the company's obligations concerning share delivery tied to long-term incentive plans designed for management and select employees who hold stock options.
Ongoing Assessment of Treasury Shares
IBA is dedicated to the prudent management of its treasury shares, which totaled 313,579 as of March 24, 2025, amidst a broader pool of approximately 30,282,218 ordinary shares outstanding. The company will continuously evaluate its incentive responsibilities to ensure an optimal treasury share reserve is maintained. This ongoing assessment is vital for both the company's operational needs and for supporting shareholder interests.
About Ion Beam Applications S.A.
IBA is recognized globally as a leader in particle accelerator technology. The company excels in providing cutting-edge equipment and services in proton therapy, which is regarded as the most advanced radiation treatment available today. Additionally, IBA's expertise extends to essential services in industrial sterilization, radiopharmaceutical production, and dosimetry. With a dedicated workforce of around 2,100 employees, IBA stands out for its commitment to social and environmental responsibility as a certified B Corporation.
Stock Market Presence
IBA is actively traded on the pan-European stock exchange, EURONEXT, under the ticker symbol IBAB. This international exposure not only enhances the visibility of IBA's operations but also reflects the company's solid performance in the biotechnology sector.
Contact Information
For further inquiries regarding this announcement, please reach out to:
Olivier Lechien
Corporate Communication Director
Contact Number: +32 10 475 890
Email: communication@iba-group.com
Frequently Asked Questions
What prompted IBA to initiate a share buyback program?
IBA's decision is aimed at managing its treasury shares effectively while meeting obligations related to employee incentive plans.
How many shares will IBA repurchase in this program?
The buyback program allows for the repurchase of up to 650,000 ordinary shares.
When is the start and end date for the buyback initiative?
The program will commence on March 25, 2025, and will conclude on December 31, 2025.
What is the current amount of treasury shares held by IBA?
As of March 24, 2025, IBA held a total of 313,579 treasury shares.
Where can I find more information about IBA?
Further details about IBA and its operations can be found on its official website at www.iba-worldwide.com.
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