Vallourec Plans to Return Approximately €650M to Shareholders in 2026
Vallourec has announced its intention to return approximately €650M to shareholders in the year 2026, combining the completion of its share buyback program and the full exercise of its warrants.
Completion of Share Buyback and Warrant Exercise
The group finalized its buyback program on June 30, 2026, which was launched on January 8, 2026. Vallourec repurchased a total of 5,868,656 shares at an average price of €18.67 for an amount of approximately €110M. Out of these shares, 4,850,000 were allocated to cover the warrants (ISIN: FR00140030K7) maturing on June 30, 2026, with the remaining shares reserved for long-term employee incentive plans. All outstanding warrants were exercised, resulting in the issuance of 28,465,882 new shares and the delivery of the 4,850,000 repurchased shares. This operation will provide the group with proceeds of approximately €307M.
Special Dividend Planned for 2026
The €110M from the buyback program is in addition to a special dividend for the fiscal year 2026, which will be supplemented to reach a total return of approximately €650M. This special dividend is subject to the approval of the board of directors, scheduled for July 29, 2026, under usual conditions. The dividend will be detached on August 3, 2026, and paid on August 5, 2026.
