Melexis: Launch of share buy-back program

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Press release Regulated information – Inside information Ieper, Belgium - 10 December 2024, 07.00 hrs CET Melexis NV (Euronext Brussels: MELE) ("Melexis”) announces the launch of a share buy-back program Melexis’ Board of Directors has decided to initiate a share buy-back program of its outstanding common stock for up to 850 thousand shares for an amount of up to EUR 50 million.

Pursuant to the shareholders’ authorization purchases will be effected at a price which will comply with the legal requirements, but which will in any case not be more than 10% below the lowest closing price of the last thirty trading days prior to the acquisition and not more than 5% above the highest closing price of the last thirty trading days prior to the acquisition.

The share buy-back program is scheduled to run from 11 December 2024 until 10 December 2025.

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Article Details

Author / Journalist: Melexis N.V.

Category: Technology

Markets: ChinaBelgium

Topics: BE0165385973 3774 Brussels:MELE

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 06:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 189 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 24313161

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