Bénéteau S.A. (ENXTPA:BEN) commences share repurchases on October 2, 2023, under the program mandated by the shareholders in the Combined General Meeting held on June 15, 2023. As per the mandate, the company is authorized to repurchase 2,699,407 shares, representing 3.26% of its issued share capital, such that it does not own more than 5% of its share capital at any point of time for ?67.5 million. The maximum unit purchase price for shares is set at ?25 per share.

The repurchased shares will be used in market activity or liquidity of the share by an investment service provider through a liquidity contract, for the transfer and/or allocation to employees and/or corporate officers of the company or its group, in the form of stock options and/or free shares and/or plans, company savings, and for the cancellation of shares in order to optimize earnings per share and optimize the profitability of equity. The authority will be valid for 18 months. As of June 15, 2023, the company has 82,789,840 ordinary shares in issue of which 1,440,085 shares are in treasury.