NETGEM (EPA:ALNTG) - Result of the public share buyback offer

Transparency directive : regulatory news

07/11/2017 22:10

Result of the public share buyback offer

Paris - La Défense, 7 November 2017.

On 3 November 2017, the Autorité des marchés financiers ("AMF") published a
statement announcing that a total of 13,541,704 shares had been tendered by
shareholders during the public share buyback offer open from 27 September until
27 October 2017.

Euronext has applied the rule of Article R. 225-155 of the French Commercial
Code ("Code de commerce") to reduce the total number of shares acquired to the
maximum of 10 million shares under offer by Netgem. Consequently, Netgem has
acquired 10 million of its own shares for a total consideration of 25 million
euros, representing 24.18% of its capital (based on a total of 41,360,384
shares representing 55,403,774 voting rights as published as at 31 October
2017).

On 7 November 2017, Euronext has started processing the delivery and payment of
the shares tendered to the offer.

At its meeting on 7 November 2017, the Board of Directors decided to reduce the
capital of Netgem by cancelling the above 10 million shares acquired through
the public offer and 1,695,717 treasury shares, a total of 11.695.717 shares
altogether. As a consequence, the share capital of Netgem will amount to
EUR5.932.933,40 divided into 29,664,667 shares. Based on current information
regarding shares held nominatively, the total number of voting rights would
amount to 44,791,472.

In accordance with their announced intentions, the founding shareholders
contributed a total of 8 million shares to the offer. As a result, they will
hold 20.8% of the capital and 23.4% of the voting rights for J2H, and 7.4% of
the capital and 9.8% of the voting rights for Fast Forward.

Indicative financial communication calendar:

- Revenue and gross profit for Q4'2017:         January 18, 2018, before market
                                                opening

- Results 2017                                  March 9, 2018 before market
                                                opening

- Revenue and gross profit for Q1'2018:         May 3, 2018, before market
                                                opening

- Annual shareholders' meeting:                 May 3, 2018

- Revenue and results for H1 2018:              August 3, 2018, before market
                                                opening

- Revenue and gross profit for Q3'2018:         October 18, 2018, before market
                                                opening

About Netgem
Netgem is the publisher of Diamond, a software platform for next generation
entertainment and connected home services, and a solutions providers to the
telecoms industry. Diamond is available under license for service operators,
content providers and device manufacturers looking to benefit from the OTT
digital transformation of the TV, video and audio industries, or as part of
end-to-end solutions to the telecoms industry. Netgem extensive experience and
technological assets in software, user experience and security, combined with
its global partnerships in content and device manufacturing make it a unique
one-stop outsourcing partner for  telecom service providers seeking to increase
revenue and build loyalty on an existing consumer base. Through its customers,
Netgem solutions address several million households in more than 20 countries.
Netgem is long term driven by innovation, simplicity, privacy, affordability
and operational excellence. Netgem is listed on Euronext Paris Compartment C
(ISIN: FR0004154060, Reuters: ETGM.PA, Bloomberg: NTG:FP) www.netgem.com

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NETGEM (EPA:ALNTG) - Result of the public share buyback offer

Transparency directive : regulatory news

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