Lagardere SA (ENXTPA:MMB) commences share repurchases on April 29, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 25, 2024. As per the mandate, the company is authorized to repurchase its own shares, such that its holding in treasury does not exceed 10% of its share capital. The repurchases will be made at a maximum acquisition cost of ?40 per share, for up to 13,800,012 shares for total of ?500 million.

The purpose of program is to maintain a liquid market in the Company?s shares, to reduce the share capital by cancelling all or some of the shares purchased, to award free shares to employees and officers of the Company, to set up any company or group savings scheme, to award or transfer shares to employees as part of a profit-sharing scheme, to allocate shares upon the exercise of share options, to allocate shares upon the exercise of rights attached to securities that give access, to hold the shares for subsequent exchange or payment as consideration for external growth transactions, a merger, demerger or asset contribution. The share repurchase program shall be valid for 18 months until October 25, 2025.