The General Shareholders’ Meeting of May 25, 2022, in its 17th resolution, authorized the Management Board to buy or sell Company shares, as part of the implementation of a share buyback program.
The maximum total amount of this authorization is set at two billion one hundred and fifty-four million four hundred and thirty thousand and four hundred and seventy-six euros and fifty cents (2,154,430,476.50), net of costs.
The maximum share purchase price is set at euro 85, excluding purchase costs, it being noted that this price does not apply to share buybacks used to satisfy free share grants involving employees and/or corporate officers of the Company and of the Groupe or options exercised by the latter.
This authorization for a period of 18 months cancelled, for the unused portion and the remaining time period, and replaced, that previously granted by the 20th resolution of the General Shareholders’ Meeting on May 26, 2021.
The table below, prepared in accordance with article L. 225-211 of the French Commercial Code, summarizes the transactions carried out under the various buyback programs since 2018.
/ Summary table of purchases under various buyback programs since 2018
| Amount | Average purchase price (in euros) | |
|---|---|---|
| Period from 01/01/2018 to 12/31/2018 | Period from 01/01/2018 to 12/31/2018Amount 1,176,616 |
Period from 01/01/2018 to 12/31/2018Average purchase price (in euros) 55.25 |
| Period from 01/01/2019 to 12/31/2019 | Period from 01/01/2019 to 12/31/2019Amount 915,880 |
Period from 01/01/2019 to 12/31/2019Average purchase price (in euros) 45.35 |
| Period from 01/01/2020 to 12/31/2020 | Period from 01/01/2020 to 12/31/2020Amount 4,064,184 |
Period from 01/01/2020 to 12/31/2020Average purchase price (in euros) 31.53 |
| Period from 01/01/2021 to 12/31/2021 | Period from 01/01/2021 to 12/31/2021Amount 7,205,354 |
Period from 01/01/2021 to 12/31/2021Average purchase price (in euros) 54.26 |
| Period from 01/01/2022 to 12/31/2022 | Period from 01/01/2022 to 12/31/2022Amount 4,165,911 |
Period from 01/01/2022 to 12/31/2022Average purchase price (in euros) 54.38 |
In 2022, the Company delivered 1,089,222 shares under free share plans and 457,307 existing shares under stock option plans.
Under the liquidity contract between Publicis Groupe SA and Kepler Cheuvreux until September 9, 2022 and then with BNP Paris Exane from September 12, 2022, the Company acquired 4,165,911 shares in 2022 at an average purchase price of euro 54.38 and sold 4,161,487 shares at an average sale price of euro 54.69.
The trading fees and other expenses incurred by the Company during 2022 for transactions performed pursuant to the share buyback program, authorized by the 20th resolution of the General Shareholders’ Meeting on May 26, 2021, and then by the 17th resolution of the General Shareholders’ Meeting on May 25, 2022, amounted to euro 66,693.
