Ipsos Begins Share Buyback Programme

Ipsos has begun a share buyback programme of up to 2% of capital per year, as part of its four-year plan, which is designed to accelerate growth and shareholder value.

Announced in June, the plan includes the group spending between EUR 100m and EUR 200m per year on 'smart acquisitions', while doubling its investments in data analytics, technology and 'knowledge panels'. Financial objectives during the four years include increasing organic growth from 3% to 5% per annum (in 2019 - 2021) to 5% to 7% per annum in 2023 to 2025, meaning revenue would reach EUR 3bn by 2025 (including acquisitions). There will also be additional capital expenditure investment.

Between now and 28 December 2022, the company will begin to repurchase shares up to approximately EUR 10m, corresponding to c0.5% of its share capital at the closing price on 4 November 2022 (EUR 47.85). Ipsos' share buyback programme adds to the group's existing annual share repurchases, implemented to compensate for the dilution from Ipsos' free share and option plans for managers and employees.

In a statement, Ipsos says it reserves the right to suspend the program at any time depending on market conditions or the implementation of its investment strategy.

Web site: www.ipsos.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

• Ipsos UK
• All news
• MrWeb info