LACROIX (LACR) Sets Buyback Cap at 482,909 Shares and €28.97M

What happened

LACROIX set up an 18-month share buyback program allowing purchases of up to 482,909 shares at no more than €60 per share, with a maximum total amount of €28.97M, running through November 13.

Confirmed

Global impact / market context

A buyback reduces the number of shares in circulation, which can lift profit per share for remaining holders. The €28.97M cap limits total spending, and actual purchases depend on market conditions rather than being guaranteed, so the program is an option rather than a firm commitment.

Analyst inference

LACROIX already holds 107,443 own shares, equal to 2.23% of capital, which gives context for this authorization. Because no purchases have been reported yet, the program's effect on the share count and investor positioning depends on how much and how fast the company actually buys.

Analyst inference

What to watch

1. The program runs through November 13, an 18-month window, and the release states no purchase schedule, so execution timing remains open. Confirmed
2. Watch whether LACROIX actually buys shares up to the 482,909-share ceiling or stops below it, since the authorization sets a maximum rather than a commitment. Proposed
3. Track any disclosed buyback purchases and treasury share totals, because actual buying would change the share count and could support profit per share for remaining investors. Analyst inference

Evidence

• globenewswire.com