Share Buyback Program Overview - The company launched a share buyback program on 15 January 2024, aiming to repurchase 300,000 shares, which concluded on 31 December 2024 [2] - Under this program, the company repurchased 92,892 shares for a total amount of €1,281,544 [2] - The program was authorized by the Shareholders' General Meeting on 29 June 2021 [2][6] New Share Buyback Program - The Board of Directors initiated a new share buyback program on 8 January 2025, with the aim of repurchasing shares for cancellation or to cover new grants of free shares [6][9] - The program is authorized under the same resolution from the Shareholders' General Meeting on 29 June 2021 [6] - The program will run until 31 December 2025 [12] Shareholding Details - As of 13 January 2025, the company held 777,709 of its own shares, representing 14.41% of the share capital [11] - The breakdown of these shares includes 557,709 for cancellation, 20,000 for delivery towards the exercise of securities, and 200,000 for employee and management option or free share plans [11] Program Execution Details - The company may acquire up to 300,000 shares, representing 5.56% of the current share capital, with a maximum allocation of €4,500,000 excluding acquisition costs [13] - Purchases will be made in the market or through block transactions over the counter, executed by an independent investment services provider [13] - The shares to be acquired are ordinary shares of the same class (ISIN FR0010245803) [13] Company Background - Velcan Holdings is an investment holding company founded in 2005, managing a global portfolio of participations and investments [13] - The company is listed on the unregulated Euro MTF Stock Market in Luxembourg (Ticker VLCN/ISIN FR0010245803) and has never performed a public offer under Directive 2003/71/CE [14]
Velcan Holdings: Share Buyback Program