CHARGEURS (EPA:CRI) - CHARGEURS - Amendment to the share buyback program
Transparency directive : regulatory news
20/05/2019 17:45
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AMENDMENT TO THE SHARE BUYBACK PROGRAM
PRESS RELEASE
Paris, May 20, 2019
Following the authorization given by its shareholders at the Annual General
Meeting of May 6, 2019 to buy back Chargeurs shares, the Group is today
announcing the signing of an amendment to the agreement signed on September 6,
2018 with its investment services provider in order to extend its share buyback
program.
This amendment allows for the purchase of Chargeurs shares for up to EUR10
million at a maximum price of EUR30 per share, in addition to the purchases
already made since September 6, 2018 of Chargeurs shares for a maximum amount
of EUR12 million. The amended agreement therefore authorizes the provider
to purchase Chargeurs shares for a total of EUR22 million, depending on
market conditions and in compliance with the relevant regulations.
The objectives of the buyback program remain the same as for the previously
authorized program, namely:
- to ensure the liquidity of Chargeurs' shares or to make a market in the
shares;
- to hold shares for future delivery in payment or exchange for the securities
of other companies as part of the Company's external growth strategy;
- to reduce the Company's capital by canceling the acquired shares;
- to hold shares for delivery or exchange on exercise of rights attached to
securities convertible, redeemable, exchangeable or otherwise exercisable for
shares;
- to hold shares for allocation under stock option plans set up by the Company
or any similar plan;
- to hold shares for allocation or sale to employees in connection with
employee profit-sharing plans or any employee savings plan set up at Company
or Group level (or any similar plan);
- to hold shares for allocation under free share or performance share plans;
and/or
- to hold shares for the implementation of any accepted market practice or any
market practice that may be authorized in the future under the applicable
laws or by France's securities regulator (Autorité des Marchés Financiers).
Financial Calendar
Thursday, September 12, 2019 (before trading) First-half 2019 results
Thursday, November 14, 2019 (after trading) Third-quarter 2019 financial
information
ABOUT CHARGEURS
Chargeurs is a global manufacturing and services group with leading positions
in four segments: temporary surface protection, garment interlinings, technical
substrates and combed wool.
It has over 2,000 employees based in 45 countries on five continents, who serve
a diversified customer base spanning more than 90 countries.
In 2018, revenue totaled EUR573.3 million, of which more than 90% was generated
outside France.
CONTACTS - www.chargeurs.fr
Group Corporate Communications - +33 1 47 04 13 40 - comcorporate@chargeurs.fr
Group Financial Communications - +33 1 47 04 13 40 - comfin@chargeurs.fr