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Reworld Media: new share buybacks, share price rises
(CercleFinance.com) - Reworld announced on Friday that it has decided to implement a new share buyback program, to which the group plans to allocate a maximum of one million euros.
The share buyback plan, authorized yesterday by the media group's Board of Directors, will start this Friday and close on June 30. The owner of Marie France, Auto Plus and Science & Vie titles specifies in a press release that the shares acquired will be used to cover employee shareholding plans. The announcement comes as the content provider's share price has lost more than 60% over the past 12 months, against a backdrop of disappointing results. Reworld Media's share price climbed by more than 11% on Friday, making it one of the biggest risers on the Paris market. At December 31, 2024, Reworld Media held more than 3.73 million of its own shares, representing almost 6.6% of its capital. Copyright (c) 2025 CercleFinance.com. All rights reserved. |
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