Societe LDC Societe Anonyme (FR:LOUP) has released an update.
Societe LDC Societe Anonyme has announced a new share buyback program, authorized on August 22, 2024, aiming to repurchase up to 5% of its capital at a maximum price of 200 euros per share, for an aggregate amount of 176.35 million euros. The program, running for 18 months, is intended for market-making, employee share schemes, external growth, and potential share cancellation. This initiative is a strategic move to enhance liquidity and reward stakeholders, with details available on the company’s website.
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