Rubis: launch of a share buyback program

(CercleFinance.com) - Energy specialist Rubis announces that its management board has decided to launch a share buyback program, and has appointed an independent investment services provider to carry it out.


The buyback period begins today and will end no later than November 29, for a maximum number of one million shares and a maximum purchase price of 50 euros (excluding fees and commissions) per share, i.e. a maximum amount of 50 million euros.

The shares acquired will be cancelled, as this program reflects management's desire to control dilution (impacting EPS) generated by share issues to Group employees (PEE, performance shares, stock options).

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