Rubis Implements Strategic Share Buyback Initiative
Rubis Launches Share Buyback Program to Boost Shareholder Value
Rubis, a well-known entity in the energy and services sector, has recently embarked on an exciting journey with its latest share buyback program. Authorized by the Ordinary Shareholders' Meeting, this initiative promises to strengthen its commitment to shareholders and optimize its capital structure.
Details of the Share Buyback Program
The program was officially authorized based on the decision made at the Ordinary Shareholders' Meeting. Shares purchased under this buyback scheme are intended to be retained and potentially allocated to employees and corporate officers within the framework of a shareholding plan. This strategic move is specifically designed to enhance the overall ownership engagement within the company.
Compliance and Execution
In alignment with regulatory standards, Rubis has appointed an independent investment services provider. This arrangement ensures that the execution of the share buyback program adheres to the strict provisions set forth by the European Commission Regulation on market abuse. It's essential for the program to operate transparently, upholding the integrity of the market and the trust of investors.
Program Timeline and Financial Aspects
The buyback period is strategically set to commence soon, with the expected start date on January 21, 2025. This program will remain in effect until February 11, 2025, at the latest. Rubis aims to repurchase a maximum of 400,000 shares, with a maximum purchase price set at €50 per share, excluding fees and commissions. The total budget for this buyback program could reach as much as €20,000,000, highlighting the company's commitment to enhancing shareholder value.
Contact Information
For any inquiries regarding this initiative or to gain further insights, investors and interested parties are encouraged to reach out to the Rubis Legal Department. You can contact them directly at +33 (0)1 44 17 95 95.
Frequently Asked Questions
What is the purpose of the Rubis share buyback program?
The primary goal of the Rubis share buyback program is to boost shareholder value while optimizing the company's capital structure.
When will the share buyback program commence?
The share buyback program is set to begin on January 21, 2025, and is expected to conclude by February 11, 2025.
How many shares will Rubis repurchase?
Rubis plans to buy back a maximum of 400,000 shares during this buyback period.
What is the maximum amount allocated for the buyback program?
The total budget for the share buyback program has been established at a maximum of €20,000,000, excluding fees and commissions.
Who should I contact for more information?
For more detailed inquiries, you can contact the Rubis Legal Department at +33 (0)1 44 17 95 95.
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