Press release – Nexity launches its first share buyback
Paris, November 19, 2021, 7:30 a.m. CET
NEXITY LAUNCHES ITS FIRST ESG IMPACT SHARE BUYBACK PROGRAM
Nexity announces the launch today of its first ESG impact share buyback program for an amount of 20 million euros, as part of the authorization given by the General Meeting of May 19, 2021 and the description of the program repurchase agreement 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 of its stakeholders.
The ESG component of the program is based on the decision to allocate the outperformance linked to the buyout to the financing, via the Nexity Foundation, of projects linked to social integration through housing, training and employment, and in particular support for ‘French National Association. “Les Compagnons Bâtisseurs”, a network that has been active for more than 60 years in the improvement of housing and the professional integration 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 acquisition of free shares by Group employees. Its launch will bring the amount of share buybacks carried out since 2018 to around 80 million euros.
For Nadia ben Salem-Nicolas, Deputy CEO of Nexity in charge of Finance:
“I am proud of the launch by Nexity of its first ESG impact share buyback program. This proves our ability to use financial innovation serving the ‘life together‘ in a city that creates links, which is Our goal, and reflects the integrated nature of our ESG strategy across all aspects of the business, including its capital allocation strategy.“
NOTEXITE, LIFE TOGETHER
With nearly 8,500 employees and 4.9 billion euros in turnover in 2020, Nexity is the leading integrated real estate group in France, present nationwide and present in all areas of property development and services. . Our service platform is designed to serve all of our individual customers, businesses, institutional investors and local communities.
Our reason for being “living together” expresses our commitment to creating sustainable spaces, neighborhoods and cities for them, which allow us to forge and renew links.
Nexity is notably ranked for the second year in a row, number one in France for low-carbon project leaders by BBCA in 2020, is a member of the Bloomberg Gender-Equality Index (GEI) and of the Best Workplaces 2021.
Nexity is listed on SRD, compartment A of Euronext and SBF 120.
THE NEXITY FOUNDATION
The Nexity Foundation works for a more inclusive city where each vulnerable person can find their place, future prospects, the capacity to act and the means to achieve it. The Nexity Foundation extends the sponsorship actions of the Nexity Group: it stimulates and organizes collective dynamics of solidarity in the heart of cities, by supporting projects of social utility for the benefit of vulnerable people and society as a whole. Its areas of intervention are housing, employment, training and education.
Guided by the values of action, daring, cooperation, sharing, commitment and living together, the Nexity Foundation brings together actors who wish, by their side, to act for a more inclusive city: local communities and other local economic and social actors. To support and experiment with new forms of solidarity, the Nexity Foundation also relies on the boldness of Nexity and the commitment of its employees.
Domitille VIELLE – Head of Investor Relations / +33 (0) 1 85 55 19 34 – Investorrelations@nexity.fr
Véronique CREISSELS – Director of Communication, Brand and Engagement / +33 (01) 85 55 15 52 – firstname.lastname@example.org
20211119_PR Repurchase of ESG shares