Exor Investor Day
WE HAVE TAKEN ADVANTAGE OF OUR DISCOUNT TO NAV TO INVEST IN
OUR PORTFOLIO
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New share buyback program of €1bn announced in September, bringing total share buyback to €1.5bn between
2022 and 2024
Tender offer for an amount of €750mn launched on 14 September
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Oversubscribed and priced at zero premium to reference price
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Acquired shares represented 3.8% of share capital
Share cancellation process of 5.6% of share capital¹ has started, with effective cancellation in H1 2024
Regular on-market buyback for the remaining €250mn to continue in 2024
Buybacks are an integral part of our capital allocation framework
1) Including 8.87mn shares acquired in the tender offer and other 4.1mn ordinary shares held in treasury.
Exor
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