Legrand approves share buyback program worth up to €2 billion

Legrand (Euronext Paris: LR) announced details of a share buyback program approved by shareholders at the company's annual meeting on May 27, 2026. The program allows the French electrical infrastructure company to repurchase up to 10% of its outstanding shares over an 18-month period ending November 27, 2027.

The company may purchase shares at a maximum price of €250 per share, with total program funding capped at €2 billion. As of May 22, 2026, Legrand's share capital consisted of 262,245,733 shares, with the company holding 612,319 of its own shares.

The buyback program serves multiple purposes, including maintaining share liquidity through market operations, implementing employee stock plans, supporting external growth transactions, and potentially canceling repurchased shares. The company may acquire shares through various methods including market purchases, block transfers, and derivative instruments.

Legrand currently maintains a liquidity agreement with BNP Paribas Arbitrage valued at €6.4 million as of May 22, 2026. The agreement originated with Exane in 2020 before transferring to BNP Paribas following corporate restructuring.

Of the company's current treasury shares, 43,695 shares support the liquidity agreement while 568,624 shares are allocated for performance share plans under French commercial law provisions.

The company reported sales of €9.5 billion in 2025 and trades on Euronext Paris as a component of the CAC 40, CAC 40 ESG, and CAC Transition Climat indexes. Legrand specializes in electrical and digital building infrastructure solutions for residential, commercial, and datacenter markets.

You May Also Be Interested In

• Shell pauses $3 billion share buyback program due to ARC deal
• Nakamoto reduces debt by $45 million, authorizes $25 million share buyback
• Aspire Biopharma to acquire automotive supplier for $30 million