There are no non-representative shares of the Company.
The General Shareholders’ Meeting of May 27, 2025, in its 17th resolution, authorized the Board of Directors 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 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 130, 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 eighteen months canceled, for the unused portion and the remaining time period, and replaced that previously granted, with the same terms, by the 15th resolution of the General Shareholders’ Meeting of May 29, 2024.
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 2021.
| Amount | Average purchase price (in euros) | |
|---|---|---|
| Period from 01/01/2021 to 12/31/2021 |
Period from 01/01/2021 to 12/31/2021 Amount 7,205,354 |
Period from 01/01/2021 to 12/31/2021 Average purchase price (in euros)54.26 |
| Period from 01/01/2022 to 12/31/2022 |
Period from 01/01/2022 to 12/31/2022 Amount 4,165,911 |
Period from 01/01/2022 to 12/31/2022 Average purchase price (in euros)54.38 |
| Period from 01/01/2023 to 12/31/2023 |
Period from 01/01/2023 to 12/31/2023 Amount 5,806,521 |
Period from 01/01/2023 to 12/31/2023 Average purchase price (in euros)73.12 |
| Period from 01/01/2024 to 12/31/2024 |
Period from 01/01/2024 to 12/31/2024 Amount 2,676,568 |
Period from 01/01/2024 to 12/31/2024 Average purchase price (in euros)97.11 |
| Period from 01/01/2025 to 12/31/2025 |
Period from 01/01/2025 to 12/31/2025 Amount 3,396,698 |
Period from 01/01/2025 to 12/31/2025 Average purchase price (in euros)90.74 |
As part of a share buyback program, the Company bought back 1,610,899 treasury shares for euro 150 million during 2025. The purpose of this program was to meet obligations related to the current free share plans for employees without issuing new shares.
In 2025, the Company also delivered 1,716,935 shares under free share plans.
Under the liquidity contract granted by Publicis Groupe SA to BNP Paribas Arbitrage, the Company acquired 1,785,799 shares in 2025 at an average price of euro 88.63, and sold 1,809,899 shares at an average price of euro 89.03.
The trading fees and other expenses incurred by the Company during 2025 for transactions executed pursuant to transactions under the share buyback program, authorized by the General Shareholders’ Meeting of May 29, 2024, in its 15th resolution, and subsequently by the General Shareholders’ Meeting of May 27, 2025, in its 17th resolution, amounts to euro 80,000.
| Share buyback program (excluding liquidity contract) | Deliveries of free share plans | Purchases (liquidity contract) | Sales (liquidity contract) | ||||
|---|---|---|---|---|---|---|---|
| As of December 31, 2025 | Quantities (in shares) | Average price (in euros) |
Quantities (in shares) |
Quantities (in shares) | Average price (in euros) | Quantities (in shares) | Average price (in euros) |
| Under the 15th resolution of the General Shareholder’s Meeting of May 29, 2024 | 340,968 | 89.81 | 1,678,071 | 750,024 | 93.11 | 752,139 | 93.50 |
| Under the 17th resolution of the General Shareholder’s Meeting of May 27, 2025 | 1,269,931 | 93.95 | 38,864 | 1,035,775 | 85.39 | 1,057,760 | 85.85 |
| Total | 1,610,899 | 93.08 | 1,716,935 | 1,785,799 | 88.63 | 1,809,899 | 89.03 |
As of December 31, 2025, Publicis Groupe SA held 3,441,977 shares with a par value of euro 0.40, representing 1.35% of its own share capital, for an overall cost price of euro 321,244,330 and an average price per share of euro 93.33. These shares are broken down into 23,900 shares held under the liquidity contract and 3,418,077 shares allocated to free share plans.
