Quadient: mandate to an ISP for share buybacks

(CercleFinance.com) - Quadient announces the signature of a share buyback agreement with an investment services provider (ISP) to implement its share buyback program announced on Monday September 23.


Under the terms of this agreement, the Group has mandated the ISP to acquire shares on the market and on its behalf for a maximum amount of 30 million euros (total purchase price excluding ancillary costs) over a period of up to 18 months.

Quadient intends to cancel the shares acquired under the program, with the exception of shares representing a maximum amount of 10 million euros, which will be allocated to future long-term stock incentive plans for employees and managers.

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