Core Viewpoint - OVH Groupe has announced a share buyback program authorized by the General Shareholders' Meeting on February 12, 2026, aimed at enhancing shareholder value and supporting market liquidity [1][4]. Group 1: Share Buyback Program Details - The share buyback program will involve purchasing shares of OVH Groupe listed on Euronext Paris under ISIN code FR0014005HJ9 (Ticker: OVH) [2][8]. - The program allows for the acquisition of up to 10% of the company's share capital, with the total number of shares repurchased not exceeding this limit at any time [7]. - The maximum purchase price for shares under this program is set at 200% of the offer price at the time of the company's admission to trading, with a total budget not exceeding €50,000,000 [9][14]. Group 2: Objectives and Uses of Shares - The shares repurchased may be used for various purposes, including stock option plans, employee share allocations, and ensuring market liquidity through a liquidity contract [4][6]. - The company has previously entered into a liquidity contract with Rothschild Martin Maurel, allocating €5,000,000 for this purpose [5]. Group 3: Duration and Implementation - The duration of the share buyback program is set for 18 months, starting from the authorization date, concluding on August 12, 2027 [11]. - The acquisition of shares can occur at any time within legal limits, excluding public offer periods, and can be executed through various means including regulated markets and over-the-counter transactions [10]. Group 4: Company Overview - OVHcloud is a leading European cloud provider, operating over 500,000 servers across 46 data centers globally, serving 1.6 million customers in over 140 countries [12]. - The company focuses on providing a sustainable cloud solution with a strong emphasis on performance, predictable pricing, and data sovereignty [12].
Description of the share buyback program approved by the Ordinary General Shareholders' Meeting of February 12, 2026
Globenewswire·2026-03-23 06:00