Nexans launches a share buyback program

Group 1 - Nexans has launched a share buyback program for a maximum of 750,000 shares, which will ultimately be cancelled [1] - The share buyback program is in accordance with the resolution passed at the Shareholders' Meeting on May 16, 2024 [1] - An investment services provider has been appointed by Nexans for the implementation of the share buyback program [1] Group 2 - Nexans has been a key player in the electrification sector for over a century, employing approximately 28,500 people across 41 countries [2] - In 2024, Nexans reported standard sales of €7.1 billion, indicating strong financial performance [2] - The company is recognized as a leader in cable systems and services, operating in four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect, and Industry & Solutions [2] - Nexans is committed to sustainability and aims for Net-Zero emissions by 2050, aligning with the Science Based Targets initiative (SBTi) [2]