GTT: Description of the share buyback program

The GTT company announced the implementation of its share buyback program. Authorized by the combined general meeting of June 12, 2024, this program allows GTT to acquire up to 10% of its shares, or 3,707,835 shares.

The maximum price per share is set at €190, for a total of €704,488,650. The objective is multiple: stock option plans, allocation to employees, merger, cancellation of shares and animation of the secondary market. GTT undertakes to respect legal limits, in particular not to exceed 10% of its capital.

Repurchases may be carried out by various means, including public offers and over-the-counter transactions. The program is valid until December 11, 2025.