Elis Reveals Major Share Buyback Moves in Recent Trading Days
Introduction to Recent Share Buyback Activity
In a strategic move aimed at enhancing shareholder value and supporting employee engagement, Elis recently disclosed significant activities regarding its share buyback program. This initiative showcases the company's commitment to effectively manage its equity and create long-term value for its investors.
Details of the Share Buyback Program
According to the regulations surrounding share buybacks, Elis has undertaken purchases of its own shares from August 18 through August 22 under a structured buyback program. This program was initially authorized during the General Shareholders' Meeting held on May 22 of the same year.
Aggregated Purchase Information
The transactions during this period were aimed at covering maturing performance share plans and distributing free shares to employees as part of the Elis for All 2025 international employee shareholding initiative. Here's a quick overview of the key figures regarding this buying activity:
- Total Shares Purchased: 108,139 shares
- Weighted Average Price: €25.4600
Daily Purchases Breakdown
Throughout the stated period, the company's daily transactions highlighted robust interest and engagement. Here’s a snapshot of the daily trading activities:
- August 18: 14,878 shares purchased at €25.4681
- August 19: 16,975 shares purchased at €25.5500
- August 20: 17,323 shares purchased at €25.5320
- August 21: 14,670 shares purchased at €25.3867
- August 22: 18,711 shares purchased at €25.4725
Rationale Behind the Buyback Program
The primary objectives of this share buyback initiative include: (i) supporting existing performance share plans and (ii) allocating shares for future distribution to employees as part of ongoing incentive schemes. These efforts are designed to foster an inclusive corporate culture and ensure that employees are stakeholders in the company's success.
Company Contacts for More Information
If you want to know more about Elis’ strategic financial decisions or the share buyback program, feel free to reach out to the following company contacts:
Nicolas Buron
Director of Investor Relations, Financing & Treasury
Phone: + 33 (0)1 75 49 98 30
Email: nicolas.buron@elis.com
Charline Lefaucheux
Investor Relations
Phone: + 33 (0)1 75 49 98 15
Email: charline.lefaucheux@elis.com
Frequently Asked Questions
What prompted Elis to initiate the share buyback program?
The buyback program aims to support performance share plans and empower employees through ownership while enhancing shareholder value.
How many shares did Elis buy back during this period?
Elis purchased a total of 108,139 shares over the specified trading days.
What was the average purchase price for the shares?
The average purchase price for the shares during the buyback was €25.4600.
Who can investors contact for more information?
Investors can contact Nicolas Buron or Charline Lefaucheux for further inquiries regarding the buyback program.
How does this buyback align with Elis' corporate goals?
This buyback strategy aligns with the company's long-term objectives of enhancing shareholder returns and engaging employees through shared ownership.
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