Quadient Partners with Investment Provider for Share Buybacks
Quadient's Strategic Move with Share Buyback Program
Quadient S.A. (Euronext Paris: QDT), a global leader dedicated to facilitating secure and sustainable business connections, has recently taken a significant step forward by signing a contract with an investment service provider to initiate its share buyback program. This strategic decision aligns with Quadient’s commitment to enhancing shareholder value and underscores its robust financial position.
Investment Service Provider Engagement
In this recent agreement, Quadient has entrusted the investment service provider with the responsibility of purchasing shares in the open market, representing a substantial investment of up to €30 million, excluding any associated costs. This operation is planned for execution over a span of up to 18 months, signaling Quadient’s dedication to creating long-term value for its shareholders.
Key Details of the Share Buyback Program
The share buyback program, which holds significant importance, will be conducted under the authorization granted during the company’s Annual General Meeting of shareholders, where the plan was initially unveiled. This initiative may permit the buyback of up to 10% of the total outstanding shares, following the 19th resolution passed during the meeting. This resolution outlines Quadient’s intentions, including the future cancellation of acquired shares, except for a portion that will be allocated towards equity-based long-term incentive campaigns for employees and management.
Market Fluctuations and Compliance
The executing of buybacks will be systematically influenced by prevailing market conditions, ensuring complete adherence to relevant regulations such as the Market Abuse Regulation and the European Commission Delegated Regulation. Importantly, Quadient has clarified that there are no existing agreements with current shareholders regarding their participation in this meticulously structured share buyback program, eliminating any potential conflicts of interest.
About Quadient
Quadient stands at the forefront of digital transformation, facilitating businesses with innovative automation solutions designed to foster effective engagement through both digital and physical channels. With a rich history of supporting various enterprises, Quadient drives efficiency and crafts meaningful experiences for customers. Listed on compartment B of Euronext Paris (QDT) and included in notable indices like the CAC Mid & Small and EnterNext Tech 40, Quadient shares are also eligible for PEA-PME investing, reflecting the company’s commitment to strategic growth and market leadership.
Company's Commitment to Value Creation
As Quadient embarks on this journey to execute its share buyback strategy, the company remains resolutely focused on maximizing shareholder value while ensuring the robustness of its operations. The engagement of a reputable investment service provider not only indicates a strategic approach to managing financial resources but also reflects confidence in Quadient's future prospects and operational excellence.
Frequently Asked Questions
What is the purpose of Quadient's share buyback program?
The share buyback program aims to enhance shareholder value by repurchasing shares, thereby potentially increasing the share price and demonstrating confidence in the company's financial health.
How much is Quadient planning to invest in the share buyback program?
Quadient plans to invest up to €30 million in its share buyback program, which will be carried out over a period of up to 18 months.
Who is responsible for executing the buyback program?
An investment service provider has been mandated by Quadient to acquire shares on its behalf in the open market.
What will happen to the shares bought back by Quadient?
Quadient intends to cancel most of the shares acquired through the buyback program, except for a portion allocated to future employee equity incentive programs.
What regulations does Quadient need to comply with for the buyback?
Quadient is required to comply with regulations including the Market Abuse Regulation and the European Commission Delegated Regulation while executing the share buyback program.
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