Business
Launch of Share Buyback Programme
Canal+ SA will commence a new share buyback programme starting September 25, 2025, and ending December 19, 2025, with a maximum value of £31 million, excluding associated costs. This programme aims to satisfy share awards to employees and corporate officers under share-based incentive plans. The company will not acquire more than 10% of its issued share capital, and purchases will adhere to UK Listing Rule 9.6.2R(1) regarding price limitations. Natixis will execute the buyback independently. A previous buyback programme for £18.7 million, announced on June 30, 2025, concluded on August 31, 2025, but no shares were purchased during that period. Disclaimer*
About this update from Canal+ Sa
[{"type":"text","content":"\n\n\nCANAL+ SA\nLAUNCH OF NEW SHARE BUYBACK PROGRAMME\n \nIssy-les-Moulineaux, 24 September 2025\nCANAL+ SA (LSE: CAN, the \"Company\"), the global media and entertainment company, announces that it intends to commence a new share buyback programme for up to GBP £31 million (excluding any associated costs) (the \"New Share Buyback Programme\"), for the purposes of satisfying share awards to employees and corporate officers made under its share-based incentive plans. \nOn 30 June 2025, the Company announced via a Regulatory Information Service that it intended to commence a share buyback programme for up to GBP £18.7 million (excluding associated costs) for the purposes of satisfying share awards to employees and corporate officers made under its share-based incentive plans (the \"First Share Buyback Programme\") as authorised by the Company's Annual General Meeting held on 6 June 2025 (the \"AGM\"). The First Share Buyback Programme commenced on 1 July 2025 and concluded on 31 August 2025. No shares were purchased by the Company in the period of the First Share Buyback Programme.\nThe New Share Buyback Programme will be carried out pursuant to Article L. 225-208 of the French Commercial Code (\"Article L. 225-208\"), which is applicable to the Company as a French-incorporated societe anonyme (limited company). Article L. 225-208 provides statutory powers for the Company to purchase its own shares for the sole purpose of allocation of shares and/or the grant of stock options to the Company's employees and corporate officers.\nDetails of the New Share Buyback Programme\nThe New Share Buyback Programme will be undertaken pursuant to the Company's statutory power contained in Article L. 225-208.\nThe main features of the New Share Buyback Programme are as follows:\nDuration: The New Share Buyback Programme will commence on 25 September 2025 and end on 19 December 2025.\nMaximum value allocated to the New Share Buyback Programme: GBP £31,000,000.\nMaximum price per share: Acquisitions will be subject to the price limitations contained in UK Listing Rule 9.6.2R(1), specifically that the price to be paid for the Company's shares pursuant to the New Share Buyback Programme will be lower than or equal to the higher of (a) 105 per cent. of the average of the middle market quotations of the Company's shares as derived from the ...