on GEVELOT (EPA:ALGEV)
GEVELOT S.A. Initiates Share Buyback Program
On June 11, 2026, GEVELOT S.A. announced the commencement of a share buyback program, following its Combined General Meeting. The program allows for the repurchase of up to 8% of the company’s share capital, with a maximum financial commitment of €15 million. This decision was made immediately after the meeting, under the Tenth Resolution adopted.
The primary goal is to acquire shares for cancellation. This will be executed in one or more transactions as decided by the Board of Directors, aligning with the Eleventh Extraordinary Resolution. Purchases will comply with EU Regulation No. 596/2014 on market abuse and the subsequent Delegated Regulation of 2016.
The program will remain valid until December 11, 2027. Notably, GEVELOT does not currently engage in a liquidity agreement. This strategic move is seen as a measure for enhancing shareholder value.
R. E.
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