Brief: GBL Re-increases Share Buyback Program by EUR 130 Mln

Groep Brussel Lambert NV

01/08/2023 09:35

Aug 1 (Reuters) - Groep Brussel Lambert NV  GBLB.BR :
    * ANNOUNCED ON MONDAY THAT AFTER EXECUTION OF 26% OF CURRENT
EUR
500 MLN SHARE BUYBACK PROGRAM ENVELOPE, GBL TARGETS ENHANCED
SHAREHOLDER RETURNS THROUGH ACCELERATED SHARE BUYBACK PROGRAM
AND SHARE CANCELLATIONS
    * RE-INCREASING ITS SHARE BUYBACK PROGRAM BY EUR 130 MLN
BACK TO
ITS INITIAL AMOUNT
    * PROGRAM IS EXPECTED TO BE COMPLETED BEFORE DECEMBER 31,
2021
    * GBL TO CONVENE EXTRAORDINARY GENERAL MEETING ON MAY 2,
2024 TO
PROPOSE RESOLUTION TO CANCEL TREASURY SHARES ACQUIRED BY GBL
PURSUANTS OF PROGRAM

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL6J7qtn
    
 Further company coverage:  GBLB.BR  

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