Press Release - Nexity launches its first share buyback program with ESG impact
November 19 2021 - 1:30AM
Press Release - Nexity launches its first share buyback program
with ESG impact
Paris, November 19, 2021, 7.30 am CET
NEXITY LAUNCHES ITS
FIRST SHARE BUYBACK PROGRAM WITH ESG IMPACT
Nexity announces the launch today of its first
share buyback program with an ESG impact for an amount of 20
million euros, under the authorization given by the Shareholders'
Meeting of May 19, 2021 and the description of the buyback program
published on the same day.
This program is part of the company's overall
capital allocation strategy, which aims to create and share value
for all its stakeholders.
The ESG component of the program is based on the
decision to allocate the outperformance linked to the buyback to
the financing, through the Nexity Foundation, of projects related
to social inclusion through housing, training and employment, and
notably a support to the French National Association “Les
Compagnons Bâtisseurs”, a network active for more than 60 years in
housing improvement and professional inclusion of young people
without employment or training.
This program is part of the Board of Directors'
decision to buy back shares to offset the potential dilution caused
by the vesting of free shares with the Group’s employees. Its
launch will bring the amount of share buybacks carried out since
2018 to around 80 million euros.
For Nadia Ben
Salem-Nicolas, Nexity's Deputy Managing Director
in charge of Finance:
"I am proud of the launch by Nexity of its first
ESG impact share buyback program. It proves our ability to use
financial innovation at the service of the ‘life together’ in a
city that creates links, which is our purpose, and reflects the
integrated nature of our ESG strategy in all aspects of the
company, including its capital allocation strategy.”
NEXITY,
LIFE TOGETHERWith nearly 8500 employees and €4.9
billion in revenue in 2020, Nexity is France’s leading integrated
real estate group, with a nationwide presence and business
operations in all areas of real estate development and services.
Our services platform is designed to serve all our clients
individuals, companies, institutional investors and local
authorities.Our corporate purpose ‘life together’ expresses our
commitment to create for them, sustainable spaces, neighborhoods
and cities, that make it possible to forge and re-establish
links.Nexity is notably classified for the second year in a row,
France’s number-one low-carbon project owner by BBCA in 2020, is a
member of the Bloomberg Gender-Equality Index (GEI) and Best
Workplaces 2021.Nexity is listed on the SRD, Euronext’s Compartment
A and the SBF 120.
THE NEXITY FOUNDATIONThe Nexity
Foundation works for a more inclusive city where each vulnerable
person can find his or her place, future prospects, the ability to
act and the means to achieve. The Nexity Foundation expands the
Nexity Group's corporate philanthropy actions: it stimulates and
organizes collective dynamics of solidarity in the heart of cities,
through its support for socially useful projects that benefit
vulnerable people and society as a whole. Its areas of intervention
are housing, employment, training and education.Guided by the
values of action, audacity, cooperation, sharing, commitment and
living together, the Nexity Foundation brings together players who,
alongside it, want to act for a more inclusive city: local
authorities and other local economic and social players. To support
and experiment with new forms of solidarity, the Nexity Foundation
also relies on Nexity's boldness and the commitment of its
employees.
CONTACTSDomitille VIELLE –
Head of Investor Relations / +33 (0)1 85 55 19 34 –
investorrelations@nexity.frVéronique CREISSELS – Director of
Communications, Brand and Engagement / +33 (01) 85 55 15 52 –
directiondelacommunication@nexity.fr
- 20211119_PR Share Buyback ESG
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