Legrand Signs Share Buyback Agreement
November 08 2023 - 10:45AM
Business Wire
Regulatory News:
As part of its share buyback program1, and under the
authorization granted by the Ordinary and Extraordinary General
Meeting of Shareholders of May 31, 20232, Legrand (Paris:LR) today
announced the signing of a contract with an investment services
provider to implement a fourth tranche of €160m.
The purchase period agreement is expected to begin on November
9, 2023 and end on or before December 21, 2023. Those shares will
be cancelled.
------------------------
Key financial dates
- 2023 annual results: February 15, 2024 “Quiet
period1” starts January 16, 2024
- 2023 first-quarter results: May 3, 2024 “Quiet period1”
starts April 3, 2024
- General Meeting of Shareholders: May 29, 2024
About Legrand
Legrand is the global specialist in electrical and digital
building infrastructures. Its comprehensive offering of solutions
for commercial, industrial and residential markets makes it a
benchmark for customers worldwide. The Group harnesses
technological and societal trends with lasting impacts on buildings
with the purpose of improving life by transforming the spaces where
people live, work and meet with electrical, digital infrastructures
and connected solutions that are simple, innovative and
sustainable. Drawing on an approach that involves all teams and
stakeholders, Legrand is pursuing its strategy of profitable and
responsible growth driven by acquisitions and innovation, with a
steady flow of new offerings—including products with enhanced value
in use (faster expanding segments: datacenters, connected offerings
and energy efficiency programs). Legrand reported sales of €8.3
billion in 2022. The company is listed on Euronext Paris and is
notably a component stock of the CAC 40, CAC 40 ESG and CAC SBT 1.5
indexes. (code ISIN FR0010307819).
https://www.legrandgroup.com
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1 For more information, see Legrand press release dated February
9, 2023. 2 The average price per share may not exceed the maximum
price of 150 euros.
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Investor relations Legrand Ronan Marc Tel: +33 (0)1 49 72
53 53 ronan.marc@legrand.com
Press relations TBWA Corporate Tiphaine Raffray Mob: +33
(0)6 58 27 78 98 tiphaine.raffray@tbwa-corporate.com
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