on Thermador Groupe (EPA:THEP)

Thermador Groupe Signs Share Buy-Back Agreement

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On June 28, 2024, Thermador Groupe announced the signing of a share buy-back agreement with CIC Market Solutions. This follows the adoption of resolution 15 at the Combined General Meeting held on April 2, 2024. The agreement permits the company to purchase a maximum of 30,000 shares, representing 0.33% of its share capital. The buy-back operation will commence on July 3, 2024, and conclude on December 31, 2024.

The adopted resolution 15, which achieved 99.95% approval, authorizes the Board of Directors to purchase shares at a maximum price of €113 per share, excluding acquisition costs. The resolution stipulates that no more than 3% of the company’s share capital may be bought back.

Thermador Groupe can use the repurchased shares to stimulate market trading, support employee stock option programs, or facilitate mergers and acquisitions. Transactions will comply with current regulations and exclude periods of public offers on the company's capital.

R. P.

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