Ipsen Proposes Share Repurchase Program at Annual General Meeting

PARIS, FRANCE, 28 May 2024 - Ipsen S.A. has unveiled a regulatory framework for a share repurchase program to be authorized at the company's Annual General Meeting today. This proposal, stipulated in the 15th resolution of the meeting, aligns with Article L.22-10-62 of the French Commercial Code, EU Regulation No 596/2014, and relevant AMF regulations.

The program aims to stimulate the secondary market, support mergers and acquisitions, hedge stock option plans, and possibly cancel acquired shares. These transactions may involve market or off-market activities, including options or derivative instruments, while adhering to regulations prohibiting actions during public offer periods initiated by third parties.

If approved, the program allows repurchasing up to 10% of Ipsen's share capital, equivalent to 7,272,271 shares, with a maximum repurchase price of €200 per share. This could amount to €1,676,290,400. The authorization will span 18 months, valid until 27 November 2025, replacing the previous authorization from 31 May 2023.