sur FREY (EPA:FREY)
FREY announces its new share buyback program
The real estate company FREY launched a share buyback program, approved on May 15, 2024 by its board of directors and its combined general meeting. This program, in accordance with article 241-2 of the General Regulations of the Financial Markets Authority, aims to strengthen market liquidity and stimulate the listing of its securities.
The share buyback program also confirms several strategic objectives such as support for merger operations, the allocation of shares to employees and the possible cancellation of shares to reduce the share capital. The maximum amount allocated reaches 177.375 million euros for a maximum unit purchase price of 55 euros per share.
The shares can be acquired on Euronext Paris, where they are traded, and the execution period of the program is planned until November 15, 2025. In May 2024, the company already held 509,552 shares, mainly intended for allocations to employees .
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