Brief: Quadient Launches Share Buyback Program For Up To EUR 30 Mln

Quadient

23/09/2024 17:10

Sept 23 (Reuters) - Quadient SA  QDT.PA :
    * LAUNCHES SHARE BUYBACK PROGRAM FOR UP TO EUR 30 MILLION
    * UP TO €10 MILLION OF BUYBACK FOR INCENTIVE PLANS
    * TARGET FOR FINANCIAL LEVERAGE RATIO EXCLUDING LEASING OF
1.5X IN
2026
    * ATTRACTIVE SHAREHOLDER RETURN, WITH A DIVIDEND POLICY
BASED ON A
MINIMUM 20% PAYOUT RATIO AND USE OF EXCESS CASH FOR SHARE
BUYBACKS
    * BUYBACK AUTHORIZED UP TO 10% OF TOTAL SHARES
    * THE SHARES WILL BE PURCHASED OVER AN 18-MONTH2 PERIOD
ENDING IN
JANUARY 2026 AT THE LATEST

Source text for Workspace:  urn:newsml:reuters.com:*:nGNE6N23ks
Further company coverage:  QDT.PA 

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