Constellium SE announced their approval of a new share repurchase programme of up to USD 300 million for its outstanding ordinary shares.  The board of directors said that it will take effect after the company’s 2026 Annual General Meeting of shareholders, scheduled to be held on May 21, 2026, till December 31, 2028.

Chief Executive Officer of the company, Ingrid Joerg, shared the news by saying, “I am excited to announce today that our board has authorised a new share repurchase programme of up to USD 300 million.”

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This new authorisation will replace the current share repurchase programme, which was approved in February 2024. Until the new programme becomes effective, Constellium will continue to retain the ability to repurchase shares under the existing plan. Joerg gave the notion by saying, “This new programme will allow us to continue returning capital to our shareholders as part of our balanced allocation strategy.”

Under this new programme. The company may purchase its own shares periodically using open market cash transactions or through privately negotiated deals. These transactions will be carried out in accordance with the applicable state and federal laws and also under French corporate laws. 

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The buying back of shares will take place according to predetermined market conditions, helping ensure that transactions follow securities and regulations under Rule 10b5-1. Constellium stated that decisions regarding the timing, size, and frequency of buybacks will depend on several factors, including market conditions, share price levels, capital allocation priorities, and other financial considerations.

The Board of Directors also kept the flexibility to modify, suspend, extend, or terminate the share repurchase programme at any time without prior notice, depending on market developments or strategic priorities.

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Constellium is a global leader in designing and manufacturing high-value, innovative aluminium products, primarily for the aerospace, automotive and packaging sectors. With this new move, the company will continue to seek the authorisation of shareholders each year at its Annual General Meetings. This measure is to fully implement the programme and will allow the company to maintain the formal approvals for carrying out share repurchases.