Implementation of the share buyback programme
4 January 2017 - 8:30 am - Finances
As part of its share buyback programme, VINCI signed a share purchase agreement with an investment services provider on 3 January 2017.
According to the agreement, the investment services provider will sell to VINCI no later than 29 March 2017 up to €165 million worth of VINCI shares at an average price per share determined on the basis of the market prices observed during the entire duration of the agreement, with a guaranteed discount. This price cannot exceed the maximum purchase price of €80 per share set by the VINCI Ordinary and Extraordinary Shareholders' Meeting on 19 April 2016.
VINCI is a global player in concessions and contracting, employing close to 195,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.