Metlen Energy & Metals announced the launch of a new share buyback program with a total value of up to 600 million euros.
The program begins today, June 23, 2026, and is expected to run through June 2031, subject to the renewal of the relevant authorizations by the shareholders’ general meetings. It will be implemented gradually in separate phases, and the company has entered into independent agreements with Citigroup and Piraeus Securities, which will conduct share purchases on the London Stock Exchange and Euronext Athens, respectively.
Based on the authorization granted by the General Meeting in May 2026, the company may acquire up to 14.3 million of its own shares before the current authorization expires. The buybacks will be conducted independently of management and in accordance with the applicable regulatory framework in the United Kingdom and the European Union.
The shares acquired will be held as treasury shares or used for share distribution programs for employees and executives. Metlen will notify the market of each transaction no later than the end of the seventh trading day following its execution, and an announcement will be published upon completion of the program.
The company clarified that, at the start of the program, it does not possess inside information and is not in a closed period, and the board of directors reserves the right to suspend, modify, or cancel the program depending on market conditions.