SEMCO Technologies approves share repurchase program for 18 months

SEMCO Technologies (Euronext Growth Paris: ALSEM) received shareholder approval for an 18-month share repurchase program at its combined shareholders' meeting held June 5, 2025, according to a company statement.

The French semiconductor component manufacturer can acquire up to 10% of its share capital under the program, with a maximum budget of €10 million. The company set a maximum purchase price of €45 per share, representing 300% of the shares' initial public offering price on Euronext Growth Paris.

The authorization runs until December 4, 2026. Within the 10% limit, SEMCO Technologies can allocate up to 5% of shares for retention and subsequent use in mergers, spin-offs or contributions.

The program serves multiple purposes including implementing employee stock option plans, delivering shares upon exercise of convertible securities, hedging financial instruments related to share price movements, and supporting potential external growth transactions. The company can also cancel repurchased shares to reduce share capital or use them in a liquidity contract with investment service providers.

Share purchases and sales may occur through any means, including market transactions or over-the-counter deals, subject to regulatory requirements. The company committed to maintaining adequate free float levels as required by Euronext Growth and ensuring equity remains above capital plus non-distributable reserves.

SEMCO Technologies, founded in 1986 and based in Castries, France, designs and manufactures electrostatic chucks for semiconductor production. The company became a subsidiary of ECM Group in 2016 and reported revenue of €34.7 million for the year ended December 31, 2025.

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