PARIS - TotalEnergies (EPA:TTEF) SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) has announced the repurchase of its own shares, a transaction that took place over four days from Monday to Thursday last week. The energy giant, operating in approximately 120 countries, reported the acquisition of 1,082,058 shares for a total amount of €55,999,836.72.
The buyback was conducted under the authorizations from the shareholders' general meeting held on May 24, 2024, and in line with the applicable laws on share repurchase. The average purchase price per share over the four days was €51.753082, with individual transaction details made available on the company's website.
On each day from December 17 to December 20, 2024, TotalEnergies purchased shares with volumes ranging from 269,217 to 272,098 and daily transaction amounts close to €14 million. These operations were executed on the Euronext (EPA:ENX) Paris (XPAR) market.
This share repurchase program is part of TotalEnergies' broader strategy to manage its capital effectively. The company, a major player in the global energy market, is known for its diversified production and marketing of energies, including oil, biofuels, natural gas, renewables, and electricity. TotalEnergies emphasizes sustainability and affordability in its energy offerings and operations.
The disclosure of these transactions is in compliance with the Market Abuse Regulation (EU) No 596/2014, ensuring transparency in the company's financial activities. TotalEnergies has made a commitment to keep the public and its investors informed of significant financial actions such as this share buyback.
Investors and the public are reminded that information regarding TotalEnergies' financial results or activities is subject to risk factors that could affect future performance. The company advises that forward-looking statements should be viewed with caution, as they are based on current economic and regulatory conditions, which are subject to change.
The repurchase details are based on a press release statement from TotalEnergies SE.
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