Kering

Description of the Share Buyback Program authorized by the Combined General Sharehoders' meeting

Kering - Press release - Description of the Share Buyback Program - April 25, 2024

PRESS RELEASE

04.25.2024

DESCRIPTION OF THE SHARE BUYBACK PROGRAM
AUTHORIZED BY THE COMBINED GENERAL SHAREHOLDERS’ MEETING OF APRIL 25, 2024 AND DELEGATION FROM THE BOARD OF DIRECTORS AT ITS MEETING OF APRIL 25, 2024

The General Shareholders’ Meeting of April 25,2024 renewed the authorization given to the Board to trade in the Company’s shares. The following description was prepared in accordance with Articles 241-1 and 241-2 of the General Regulations of the French financial markets Authority (Autorité des marchés financiers) and in accordance with the provisions of Delegated Regulation (EU) 2016/1052 of March 8, 2016.

1. Date of the General Shareholders' Meeting that renewed the authorization of the share buyback program

The authorization for Kering to purchase its own shares under the share buyback program was granted by the Combined General Shareholders’ Meeting of April 25, 2024 (seventeenth resolution). The delegation from the Board of Directors was granted in its meeting of April 24, 2024.

2. Number of securities and proportion of share capital held directly or indirectly

As of April 25, 2024, the number of shares held by Kering, directly or indirectly, was 834,847, i.e.,
0.68 % of the share capital.

3. Objectives of the authorized share buyback program

The objectives of the share buyback program approved by the General Shareholders’ Meeting of April 25, 2024 are as follows:

• ensure the liquidity or support the secondary market of the shares through an investment services provider, acting independently pursuant to a liquidity agreement that complies with the Professional Code of Conduct recognized by the Autorité des marchés financiers; or
  
  
• use all or a portion of the shares acquired to meet obligations related to stock option plans, existing free share grant plans, share grants pursuant to employee profit-sharing schemes and any other share grants to employees or executive corporate officers, including the implementation of company savings plans for employees and executive corporate officers of the Company and/or companies, in France and/or outside France, that are or will be related to it under the terms and conditions provided for by law, and to sell or grant shares to them in accordance with French or foreign laws and regulations; or