Euronext announces launch of a share repurchase programme of...

Euronext announces launch of a share repurchase programme of €300 million

The Manila times | 2024-11-07 17:05

Euronext announces launch of a share repurchase programme of €300 million Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris - 7 November 2024 - Euronext today announces a share repurchase programme (the 'Programme') for a maximum amount of €300 million. This Programme is enabled by Euronext's strong cash generation capabilities and demonstrates Euronext's rigorous capital allocation strategy. The Programme will not change the deleveraging path of Euronext, nor its credit rating. The Programme will also be compatible with preserving the Group financial flexibility to capture market opportunities and its dividend policy of a pay-out of 50% of reported net income. The Programme will be implemented as follows: Purpose: the purpose of the Programme is to reduce the share capital of Euronext. All shares repurchased as part of the Programme will be cancelled; Maximum amount allocat...

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