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Forvia: Implementation of the Share Buyback Program approved by the Shareholders’ Meeting held on May 30, 2023

Written by Customer Service on . Posted in Public Companies.

NANTERRE (FRANCE)
APRIL 2nd, 2024

IMPLEMENTATION OF THE SHARE BUYBACK PROGRAM
APPROVED BY THE SHAREHOLDERS’ MEETING HELD ON MAY 30, 2023

As part of the share buy-back program authorized by the Shareholders’ Meeting held May 30, 2023, FORVIA signed with an investment services provider a mandate for the acquisition of a maximum of 750,000 FORVIA shares during a period starting from April 3, 2024, until May 29, 2024, at the latest.

Shares buybacks are intended to hedge FORVIA’s commitments under performance share plans or any long-term incentive plan to the benefit of employees and corporate officers of the FORVIA group.

The description of the share buyback program (details of which are on page 450 & s. of the 2022 FORVIA Universal Registration Document filed with the Autorité des marchés financiers on February 28, 2023) and the text of the 14th resolution of the Shareholders’ Meeting referred to above are available on the website of the Company, www.forvia.com, respectively under the heading “Investors / Regulated Information” and “Investors / Shareholders / Shareholders meetings” sections.

PRESS     ANALYSTS/INVESTORS
Christophe MALBRANQUE
Group Media Relations Director
+33 (0) 6 21 96 23 53
christophe.malbranque@forvia.com		Marc MAILLET
Group Head of Investor Relations
+33 (0) 1 72 36 75 70
marc.maillet@forvia.com
 

Iria MONTOUTO
Group Media Relations Officer
+33 (0) 6 01 03 19 89
iria.montouto@forvia.com

 

Sébastien LEROY
Group Deputy Investor Relations Director
+33 (0) 6 26 89 33 69
sebastien.leroy@forvia.com

About FORVIA

FORVIA, 7th global automotive technology supplier, comprises the complementary technology and industrial strengths of Faurecia and HELLA. With around 260 industrial sites and 78 R&D centers, over 150,000 people, including more than 15,000 R&D engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of 6 business groups and a strong IP portfolio of over 13,000 patents, FORVIA is focused on becoming the preferred innovation and integration partner for OEMS worldwide. In 2023, the Group achieved a consolidated revenue of 27.25 billion euros. FORVIA SE is listed on the Euronext Paris market under the FRVIA mnemonic code and is a component of the CAC Next 20 and CAC SBT 1.5° indices. FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen. www.forvia.com

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