Pluxee's Share Buyback: A Strategic Move for Employee Engagement and Shareholder Value

Pluxee, a global player in employee benefits and engagement, has announced a share buyback program with a maximum amount of 15 million euros, set to run until May 30, 2025. The company aims to repurchase shares to cover its new performance share allocation plan, with the intention of holding the repurchased shares as treasury stock. An independent investment services provider has been appointed to execute the program in accordance with applicable regulations.

The share buyback program aligns with Pluxee's long-term strategy of attracting, engaging, and retaining talent by offering attractive compensation packages, including performance shares. By repurchasing shares, Pluxee reduces the number of outstanding shares, which can potentially increase the value of each share and boost earnings per share. This strategic move can create shareholder value and appeal to investors.

The independent investment services provider's involvement in the share buyback program ensures transparency and regulatory compliance by adhering to the following measures:

1. Independence and objectivity: The independent broker is not affiliated with Pluxee, ensuring that the buyback program is executed objectively and without any conflicts of interest.
2. Compliance with Market Abuse Regulation (MAR): The buyback program is carried out in accordance with the authorization granted by the General meeting of shareholders to the Board of Directors and the provisions of the Market Abuse Regulation (EU) 596/2014 and Commission Delegated Regulation (EU) 2016/1052.
3. Transparency in disclosure: Pluxee has publicly announced the launch of the share buyback program, providing details such as the maximum amount, duration, and purpose.
4. Regular reporting: Pluxee has been consistently reporting on its share buyback activities, ensuring that investors and other stakeholders are kept informed about the progress of the buyback program.

In conclusion, Pluxee's share buyback program is a strategic move that supports the company's performance share allocation plan and aligns with its long-term strategy of attracting, engaging, and retaining talent, as well as creating shareholder value. The independent investment services provider's involvement in the program ensures transparency and regulatory compliance, further enhancing the company's commitment to its shareholders and stakeholders.