Under the terms of the agreement signed on April 3, which is set to commence on April 7, the ISP will sell to the automotive supplier—which is committed to purchasing them—a maximum of 3,325,000 Valeo shares by May 20 at the latest, within a limit of 45 million euros.

The average price per share will be determined based on the arithmetic mean of the volume-weighted average prices over the duration of the contract. This average price may not, under any circumstances, exceed the maximum purchase price of 70 euros set by the 2025 AGM.

These shares will be fully allocated to cover the implementation of free share and performance share plans, the granting of shares to employees, and, more generally, any share allocations within the group.