GTT: Main terms and conditions of the share buy-back programme

Core Points - The company GTT has announced a share buy-back program authorized by the Combined Shareholders' meeting on June 11, 2025, allowing the acquisition of up to 10% of its ordinary shares, which is approximately 3,711,777 shares based on the capital as of December 31, 2024 [1][4] - The maximum purchase price for the shares is set at €190 per share, excluding fees [3] - The total maximum amount authorized for purchases under this program is €705,237,630 [4] Summary by Sections Share Buy-Back Program Details - The program aims to improve liquidity and may involve retention of shares for various corporate purposes, including employee share plans and market stimulation [4][5] - The company may not own more than 10% of its capital directly or indirectly [2] Implementation and Duration - The program will be effective from the announcement date until December 10, 2026, covering a period of 18 months [8] - The Board of Directors can utilize this authorization at any time within the legal limits, except during a third-party tender offer [7] Current Treasury Shares - As of June 11, 2025, the company holds 2,250 shares under a liquidity agreement and an additional 50,285 shares outside of this agreement, totaling 0.14% of the share capital [9]