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Your company plans to relocate part of its offices outside Paris and to maintain, as much as possible, part of its employees activity in teleworking

Your company plans to relocate part of its offices outside Paris and to maintain, as much as possible, part of its employees activity in teleworking for at least 5 years. This decision is expected to reduce operating costs by 200,000 euros per year.

If investors were not expecting such a change, what would be the most likely effect on your company's share price once this announcement is made, given that your company has 50,000 shares outstanding, no debt and a 10% cost of equity of capital?

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