STEF: New share buyback program authorized

STEF has detailed its share buyback program, approved by the General Meeting of April 30, 2025. This program cancels and replaces the previous one, with authorization to buy back up to 10% of the existing share capital, or 1,285,000 shares.

The maximum purchase price is set at €160, adjusted if necessary. STEF currently holds 204,694 shares, representing 1.59% of the capital. The maximum number of shares it may repurchase is 1,080,306, representing 8.41% of the capital, unless it sells or cancels some of these shares.

The objectives include promoting walks, awarding to employees, funding savings plans, and holding them for payment or exchange upon acquisition. The program is valid for 18 months, until October 30, 2026.