SAINT-GOBAIN (EPA:SGO) - Update of the liquidity agreement
Transparency directive : regulatory news
25/06/2019 12:24
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Compagnie de Saint-Gobain - a French Société anonyme
With a share capital of euros 2,186,340,004
" Les Miroirs " - 18, avenue d'Alsace - 92400 Courbevoie, France
On June 25th, 2019
Update of the Liquidity Agreement
On June 20, 2019, Compagnie de Saint-Gobain entered into a new liquidity
agreement with Exane BNP Paribas, acting as liquidity provider, following
changes to the regulation applicable to liquidity agreements, and in
particular, the French Financial Markets Authority (Autorité des marches
financiers - "AMF") decision n°2018-01 of July 2, 2018 establishing liquidity
contracts pertaining to equity securities as an admitted market practice (the
"AMF Decision").
This new liquidity agreement, taking effect retroactively from January 1, 2019,
is concluded for a period of 12 months, automatically renewable and replaces
the existing liquidity agreement entered into on November 16, 2007 with Exane
BNP Paribas.
The agreement involves the shares of Compagnie de Saint-Gobain (ISIN
FR0000125007) (the "Shares") listed on the regulated market of Euronext Paris
(trading platform on which the transactions under the contract will be carried
out) and provides for the following resources to be made available to Exane BNP
Paribas:
* EUR4,002,006.22 ; and
* 21,000 Shares,
it being specified that the resources made available to Exane BNP Paribas on
December 31, 2018 were respectively of EUR942,205 in cash and 116,559 Shares.
It is also specified that, pursuant to the agreement, the situations or
conditions leading to the suspension of the agreement are as follows:
- at the request of Compagnie de Saint-Gobain for a period it specifies; or
- when the conditions set out in article 5 of the AMF Decision are met.
The agreement may also be terminated in the following conditions:
- at any time by Compagnie de Saint-Gobain, without prior notice, under the
conditions of closing of the liquidity account provided for in the agreement;
and
- at any time by Exane BNP Paribas with a one-month prior notice.