Greenyard announces new share buyback program

Sint-Katelijne-Waver, Belgium, 13 March 2024

Greenyard announces today that its Board of Directors has decided to start a share buyback program as of (or around) 15 March 2024 for the repurchase of up to 1 250 000 shares, in accordance with the applicable laws and regulations and authority granted by the extraordinary general meeting of shareholders, for a duration of 2,5 years maximum (up to September 2026). The new share buyback program is used to meet obligations arising from a new long-term incentive plan.

Combined with the currently held treasury shares, the share buyback could potentially increase the treasury shares held to around 5,9% of the total outstanding shares. Currently held treasury shares are intended to be used for the exercise of the existing long-term incentive plans.

The Board of Directors of Greenyard will grant a discretionary mandate to a financial intermediary who will execute this both on or outside the regulated market during open and closed periods. Block trades can be considered as well during open periods.

As set out in Greenyard's articles of association, the extraordinary general meeting of shareholders of 17 September 2021 has granted a mandate to the Board of Directors to approve share buyback programs. During the program, Greenyard will provide regular updates to the market about its share purchases, in line with the applicable regulations. This share buyback programme can be ceased at any time.

Greenyard contact

Cedric Pauwels

Dennis Duinslaeger

Communications & Public Affairs Director

Investor Relations & Strategy Director

T +32 15 32 42 00

T +32 15 32 42 00

cedric.pauwels@greenyard.group

dennis.duinslaeger@greenyard.group

Disclaimer

This press release may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Greenyard is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release in light of new information, future events or otherwise, unless as required by applicable law. Greenyard disclaims any liability for statements made or published by third parties (including any employees who are not explicitly mandated by Greenyard) and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release issued by Greenyard.

About Greenyard

Greenyard (Euronext Brussels: GREEN) is a global market leader in fresh, frozen and prepared fruit and vegetables, flowers and plants. Counting Europe's leading retailers amongst its customer base, Greenyard offers efficient and sustainable solutions to customers and suppliers through best-in-class products, market leading innovation, operational excellence and outstanding service.

Its vision is to make lives healthier by helping people enjoy fruit and vegetables at any moment, easy, fast and pleasurable, while fostering nature. With around 8 500 employees operating in 19 countries worldwide, Greenyard identifies its people, and customer and supplier relationships, as the key assets which enable it to deliver goods and services worth around € 4,6 billion per annum.

www.greenyard.group

REGULATED INFORMATION - 13 March 2024, 5.45pm

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Greenyard NV published this content on 13 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 March 2024 16:49:12 UTC.