Wavestone announces the launch of a share buyback campaign for a maximum amount of €10 million.
This campaign is part of the share buyback program authorized by the General Meeting of Shareholders of July 25, 2024 (resolution no. 17) and initiated the same day by the Board of Directors of the company (see press release press release of July 25, 2024).
This campaign begins today, January 2, 2025, and will end on March 31, 2025 at the latest, it being understood that redemptions will be suspended during the forbearance periods defined by the regulations. It covers a maximum of 200,000 securities to be acquired at a maximum price of €50. It is the subject of a share buyback mandate, in compliance with Market Abuse regulations, entrusted to the brokerage company BNP Paribas Portzamparc.
The shares repurchased will not be intended to be canceled, but to be kept with a view to serving future free share allocation plans intended for employees and corporate officers of the firm which should be decided in the years to come in accordance with the firm policy in this area.
For the record, in addition to the purchases and sales made for the purposes of operating the company's liquidity contract, 118,032 securities have already been acquired as part of the share buyback program of July 25, 2024 and have enabled to fully cover existing free share allocation plans.
The decision to implement this share buyback campaign, anticipating the coverage of future free share allocation plans, is based on the opportunity created by the current level of the Wavestone share price and demonstrates the firm’s confidence in its prospects. The amount allocated to this campaign will not hamper Wavestone's ability to pursue its external growth policy.
The share buyback program within the framework of which this campaign is part was the subject of a description in the universal registration document 2023/24 published on July 11, 2024 on the company's website (www .wavestone.com), in the Investors area, Financial documents section.
Next meeting
: publication of turnover for 3
th
quarter 2024/25, on Thursday January 30, 2025, after the close of Euronext markets.
About Wavestone
Wavestone is a consulting player, whose mission is to support companies and organizations in their strategic transformations in a constantly evolving world, with the ambition of generating positive and lasting impacts for all its stakeholders.
Drawing on more than 5,500 employees in 17 countries across Europe, North America and Asia, the firm has a portfolio of 360° consulting services with high added value, seamlessly combining leading sector expertise with a wide range of cross-sector know-how.
Wavestone is listed on Euronext in Paris, and labeled Great Place to Work
®
.
Wavestone Pascal IMBERT President – CEO Such. : 01 49 03 20 00 Benjamin CLEMENT Financial communication Such. : 01 49 03 20 00 | Act Mathieu ALL Analyst-investor relations Such. : 01 53 67 36 92 Déborah SCHWARTZ Relations presse Such. : 01 53 67 36 35 |
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Full and original press release in PDF format:
https://www.actusnews.com/news/89313-wavestone-cp-rachat-actions-02012025-fr.pdf
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