REG - Canal+ S.A - Launch of Share Buyback Programme

Canal+ SAAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250630:nRSd8645Oa&default-theme=true

RNS Number : 8645O  Canal+ S.A  30 June 2025

CANAL+ SA

LAUNCH OF SHARE BUYBACK PROGRAMME

 

Issy-les-Moulineaux, 30 June 2025

CANAL+ SA (LSE: CAN, the "Company"), the global media and entertainment
company, announces that it intends to commence a share buyback programme for
up to GBP £18.7 million (excluding any associated costs) (the "Share Buyback
Programme"), for the purposes of satisfying share awards to employees and
corporate officers made under its share-based incentive plans as authorised by
the Company's Annual General Meeting held on 6 June 2025 (the "AGM").

 

Details of the Share Buyback Programme

The Share Buyback Programme will be conducted in accordance with:

(i)            Company's general authority to repurchase shares (which
authorises the purchase of up to 10% of the issued share capital of the
Company), as approved by shareholders at the Company's AGM held on 6 June
2025; and

 

(ii)           Market Abuse Regulation (EU) No 596/2014 and the
Commission Delegated Regulation (EU) No 2016/1052 (including as each of them
forms part of retained EU law in the United Kingdom ("UK") from time to time,
including, where relevant, pursuant to the UK's European Union (Withdrawal)
Act 2018 and Market Abuse (Amendment) (EU Exit) Regulations 2019) as well as
the applicable laws and regulations of the UK Financial Conduct Authority.

The main features of the Share Buyback Programme are as follows:

Duration: the Share Buyback Programme will commence on 1 July 2025 and end on
31 August 2025.

Maximum value allocated to the Share Buyback Programme: GBP £18,700,000.

Maximum price per share: Acquisitions will be made in accordance with the
price limitations decided by the AGM.

Broker: The Company has entered into an agreement with Natixis (the "Broker")
to undertake the Share Buyback Programme on the Company's behalf and to make
trading decisions under the Share Buyback Programme in accordance with certain
pre-set parameters. The Broker will make its trading decisions concerning the
purchases of ordinary shares independently of the Company.

Purpose of the Share Buyback Programme: satisfy share awards to employees and
corporate officers made under the Company's share-based incentive plans.

The Company intends to hold the shares purchased through the Share Buyback
Programme as treasury shares, with the intention of those shares being used to
satisfy awards under the Company's share-based incentive plans. Remaining
shares which have not been allocated through share incentive plans will be
cancelled.

The Company will announce any purchase of ordinary shares under the Share
Buyback Programme no later than 7.30 a.m. on the business day following the
calendar day on which the purchase occurred.

 

For further enquiries please contact:

 Alima Levy          ir@canal-plus.com

 Elvire Charbonnel   elvire.charbonnel@canal-plus.com

 Olivia Abehassera   olivia.abehassera@canal-plus.com

 

About CANAL+

Founded as a French subscription-TV channel 40 years ago, CANAL+ is now a
global media and entertainment company. The group has 26.9 million subscribers
worldwide, over 400 million monthly active users on its OTT and video
streaming platforms, and a total of more than 9,000 employees. It generates
revenues in 195 countries and operates directly in 52 countries, with leading
positions in Pay-TV in 20 of them. CANAL+ operates across the entire
audio-visual value chain, including production, broadcast, distribution and
aggregation.

It is home to STUDIOCANAL, a leading film and television studio with worldwide
production and distribution capabilities; Dailymotion, major international
video platform powered by cutting-edge proprietary technology for video
delivery, advertising, and monetization; Thema, a production and distribution
company specialising in creating and distributing diverse content and
channels; and telecommunication services, through GVA in Africa and CANAL+
Telecom in the French overseas jurisdictions and territories. It also operates
the iconic performance venues L'Olympia and Théâtre de l'Œuvre in France
and CanalOlympia in Africa.

CANAL+ has also significant equity stakes across Africa, Europe and Asia,
namely in MultiChoice (the Pay-TV leader in English and Portuguese-speaking
Africa), Viaplay (the Pay-TV leader in Scandinavia) and Viu (a leading OTT
platform in Southern-Asia).

canalplusgroup.com/en (https://www.canalplusgroup.com/en)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCSESESUEISEDM