Core Points - FORVIA has approved a share buyback program, allowing the acquisition of up to 300,000 shares from April 23, 2025, to May 27, 2025 [1] - The share buybacks are intended to support FORVIA's commitments under performance share plans and long-term incentive plans for employees and corporate officers [2] - Detailed information about the share buyback program is available in the 2023 FORVIA Universal Registration Document filed with the Autorité des marchés financiers [3] Company Overview - FORVIA is a global automotive technology supplier formed from the merger of Faurecia and HELLA, with approximately 250 industrial sites and 78 R&D centers [5] - The company employs over 150,000 people, including more than 15,000 R&D engineers, and holds a strong IP portfolio of over 13,000 patents [5] - In 2024, FORVIA achieved consolidated revenue of 27 billion euros and is listed on the Euronext Paris market under the FRVIA mnemonic code [5]
FORVIA: IMPLEMENTATION OF THE SHARE BUYBACK PROGRAM APPROVED BY THE SHAREHOLDERS’ MEETING HELD ON MAY 30, 2024
Globenewswire·2025-04-18 15:35