Nexans launches a share buyback program

07 Nov 2024 08:00 CET

 Nexans launches a share buyback program

_PRESS RELEASE_

Paris, November 7^th, 2024 – Nexans announces the launch of a share buyback program for a maximum number of 360,000 shares, in accordance with the 15^th resolution of the Shareholders’ Meeting of May 16^th, 2024, to allocate free shares and performance shares to eligible employees and corporate officers.

Nexans has appointed an investment services provider for its implementation over the period from November 7th^th, 2024 to March 31^st, 2025.

About Nexans

For over a century, Nexans has played a crucial role in the electrification of the planet and is committed to electrifying the future. With approximately 28,500 people in 41 countries, the Group is paving the way to a new world of safe, sustainable and decarbonized electricity that is accessible to everyone. In 2023, Nexans generated 6.5 billion euros in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: Power Generation & Transmission, Distribution, Usage and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized on the CDP Climate Change A List as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi).

Nexans. Electrify the future.

Nexans is listed on Euronext Paris, compartment A.
For more information, please visit www.nexans.com

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