VINCI’s Share Buyback Program: Enhancing Shareholder Value
VINCI Initiates Share Buyback Program
As part of its ongoing efforts to enhance shareholder value, VINCI has signed a significant share purchase agreement with a reputable investment services provider. This strategic move comes as part of VINCI's commitment to executing its share buyback program effectively.
Agreement Details
The agreement is set to commence on September 9 and will remain valid until October 8, with a total purchase limit of €200 million. This measure is designed to not only bolster the company’s share price but also reflect VINCI's confidence in its operational performance and financial sustainability. The investment service provider has been entrusted with the responsibility of purchasing VINCI shares on behalf of the company under terms that safeguard investor interests.
Pricing Guidelines
It is important to note that the purchase price for these shares will not exceed the maximum price established by VINCI’s Ordinary and Extraordinary Shareholders' Meeting held on April 9. This provision serves to ensure transparency and accountability in the buyback process, strengthening investor trust.
About VINCI
VINCI stands as a leading global entity in the fields of concessions, energy, and construction, employing around 280,000 individuals across more than 120 countries. The company excels in the design, financing, construction, and operation of essential infrastructure that enhances daily life and mobility. VINCI is deeply committed to sustainability, striving for performance that transcends mere economic outcomes by embracing environmental and social responsibility. Engaging with stakeholders and prioritizing public interest are central to VINCI’s operations, reinforcing the company's ambition to create long-term value for customers, shareholders, employees, and society as a whole.
Contact Information
For inquiries related to this announcement, please reach out to:
PRESS CONTACT
VINCI Press Department
Tel: +33 (0)1 57 98 62 88
Email: media.relations@vinci.com
Frequently Asked Questions
What is VINCI's share buyback program?
The share buyback program allows VINCI to repurchase its shares to enhance shareholder value and support market stability.
How much is VINCI investing in the buyback program?
VINCI has committed to a total investment limit of €200 million for the buyback program.
When will the buyback program start and end?
The buyback program is set to begin on September 9 and will run until October 8.
What is the significance of the pricing restrictions?
The maximum purchase price is set to ensure accountability and maintain investor confidence during the buyback process.
How does VINCI support sustainability?
VINCI is dedicated to environmental and social responsibility, seeking to create projects that benefit society and encourage stakeholder dialogue.
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