Legrand Signs Share Buyback Agreement

LIMOGES, France--(BUSINESS WIRE)--Regulatory News:

Under the authorization granted by the Ordinary and Extraordinary General Meeting of Shareholders of May 31, 2023¹, Legrand (Paris:LR) today announced the signing of a contract with an investment services provider to purchase 400,000 shares, i.e. around 0.15% of its capital.

The purchase period agreement is expected to begin on February 16, 2024 and end on March 13, 2024. The shares purchased pursuant to this agreement will mainly be allocated to employee share plans and to maturing performance share plans.

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Key financial dates

• 2023 first-quarter results: May 3, 2024
  “Quiet period²” starts April 3, 2024
• General Meeting of Shareholders: May 29, 2024

About Legrand

Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for commercial, industrial and residential markets makes it a benchmark for customers worldwide. The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing its strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings—including products with enhanced value in use (faster expanding segments: datacenters, connected offerings and energy efficiency programs). Legrand reported sales of €8.3 billion in 2022. The company is listed on Euronext Paris and is notably a component stock of the CAC 40, CAC 40 ESG and CAC SBT 1.5 indexes. (code ISIN FR0010307819).
https://www.legrandgroup.com

¹ The average price per share may not exceed the maximum price of 150 euros.
2 Period of time when all communication is suspended in the run-up to publication of results.

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