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LUXEMBOURG, December 20, 2024--(BUSINESS WIRE)--Regulatory News:
Eurofins Scientific SE (Paris:ERF) (the "Company") (EUFI.PA) announces its intention to launch a new buy-back programme of its own shares (ISIN FR0014000MR3) for a maximum amount representing up to 2% of its share capital. This fourth programme follows the first programme that took place between 3 October 2022 and 8 August 2023, the second programme that took place between 25 October 2023 and 30 August 2024, and the third programme that took place between 02 September 2024 and 20 December 2024. The new programme is commencing on 23 December 2024 and will last until 22 December 2026 at the latest. The Company may at any time interrupt this programme in view of market conditions and/or the evolution of its investment strategy.
The shares to be purchased under this programme will be primarily used to hedge the Company’s Long-Term Incentive plans but may also be cancelled, used to partially finance acquisitions or for other purposes approved by the Board of Directors and within the authorisation of the AGM.
The Company is mandating an independent provider of financial services to execute the first tranche of this programme starting on 23 December 2024 and ending on 30 January 2025 with a maximum volume of 2,600,000 shares or 1.35% of its share capital.
Over the course of the third share buy-back programme, 3,010,000 shares were repurchased, representing 1.56% of the current share capital. So far this year (up to 20 December 2024, inclusive), the Company has repurchased 5,600,000 of its own shares, representing 2.90% of its share capital.
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For more information, please visit www.eurofins.com.
About Eurofins – the global leader in bio-analysis
Eurofins is Testing for Life. The Eurofins Scientific S.E. network of independent companies believes that it is a global leader in food, environment, pharmaceutical and cosmetic product testing and in discovery pharmacology, forensics, advanced material sciences and agroscience contract research services. It is also one of the market leaders in certain testing and laboratory services for genomics, and in the support of clinical studies, as well as in biopharma contract development and manufacturing. It also has a rapidly developing presence in highly specialised and molecular clinical diagnostic testing and in-vitro diagnostic products.
With ca. 62,000 staff across a decentralised and entrepreneurial network of more than 900 laboratories in over 1,000 companies in 62 countries, Eurofins offers a portfolio of over 200,000 analytical methods to evaluate the safety, identity, composition, authenticity, origin, traceability and purity of a wide range of products, as well as providing innovative clinical diagnostic testing services and in-vitro diagnostic products.