Vivendi SE commences an Equity Buyback Plan for 592,997,810 shares, representing 10% for €3,261.49 million, under the authorization approved on June 22, 2021.

Vivendi SA (ENXTPA:VIV) commences share repurchases on August 2, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 22, 2021. As per the mandate, the company is authorized to repurchase up to 592,997,810 shares, representing 10% of its issued share capital for total worth of €3,261.49 million. The shares will be repurchased at a price of €29 per share.

The share repurchase program is valid for 18 months from the date of shareholders' approval. As of June 22, 2021, the company had 1,186,894,195 shares issued and outstanding.