Publicis Groupe to repurchase 2.5 million shares to cover employee long term incentive plans
Publicis Groupe has announced that it will repurchase 2.5 million shares, i.e. approximately 1% of its share capital at 31 August 2021. Publicis Groupe has appointed an Investment Services Provider for the implementation of the program.
The purpose of this program is to meet the obligations arising from the existing free share long term incentive plans for the benefit of its employees that will be delivered in 2022, 2023, 2024 and 2025.
The program will start as of September 27, 2021 and run until December 15, 2021. At the current price, it represents an amount of approximately 143 million euros that will financed by the Groupe’s cash.
This program is made in accordance with the Market Abuse Regulation and within the limits of the authorization granted by the 20th resolution of the Annual Shareholders' Meeting of Publicis Groupe of May 26th, 2021.
Publicis Groupe S.A. has published a description of this program under the regulated information section.