Edenred announces its decision to launch a share buyback program, for a maximum amount of 300 million euros between mid-March 2024 and March 31, 2027, with the repurchased shares to be cancelled.

"This operation is being carried out in view of the Group's solid financial structure and its structural cash generation", explains the payment and services company, adding that this program will be carried out according to market conditions.

To this end, Edenred will conclude a mandate with an investment services provider in the next few days, which will run from mid-March 2024 until the 2024 AGM, with the intention of extending it until March 31, 2027.

Copyright (c) 2024 CercleFinance.com. All rights reserved.