Publicis Groupe to repurchase 2 million shares for incentive plans

Paris – Publicis Groupe announced on February 9, 2024, that it will initiate a share repurchase program involving 2 million shares. This move is intended to fulfill the company's obligations stemming from its existing free share long-term incentive plans for employees, thereby avoiding the issuance of new shares.

The program, which commenced on February 9, 2024, is authorized to run until May 31, 2024. The total value of the repurchase, based on the current share price, is approximately 200 million euros, to be financed by the Groupe's cash reserves. The 2 million shares represent approximately 0.8% of the company's share capital as of December 31, 2023.

Publicis Groupe has appointed an investment services provider to manage the implementation of the repurchase program. The company stated that the program adheres to the Market Abuse Regulation and operates within the limits authorized by the 18th resolution of the Annual Shareholders' Meeting held on May 31, 2023.

Publicis Groupe is a global leader in communications, assisting clients in transforming their marketing and digital businesses. The company combines expertise in communication, media, data, and technology, operating in over 100 countries with approximately 114,000 professionals.