SUEZ ENVIRONNEMENT (EPA:SEV) Implementation of a share buiback program
Transparency directive : regulatory news
10/10/2017 18:13
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Press release
Paris, October 10th, 2017
IMPLEMENTATION OF A SHARE BUYBACK PROGRAM
SUEZ signed today a share purchase agreement with an Investment Services
Provider in application of its share buyback program, as authorized by the
Combined Shareholders' Meeting of May 10th, 2017, and in the context of the
employee shareholding plan "Sharing 2017" announced on September 14th, 2017.
Under this agreement, the Investment Services Provider will sell to SUEZ, which
undertakes to acquire them at the latest on 19 December 2017, a maximum of 3
million of SUEZ shares, representing 0.49% of the company's share capital. The
average price per share will be determined based on the reference price of the
employee shareholding plan "Sharing 2017"(1), being understood that, in any
case, this average price per share will not exceed EUR25 as authorized by the
Combined Shareholders' Meeting.
CONTACTS
Press Analysts & Investors
Ophélie Godard +33 1 58 81 24 05
+33 1 58 81 54 73
ophelie.godard@suez.com
About SUEZ
With 90 000 people on the five continents, SUEZ is a world leader in smart and
sustainable resource management. We provide water and waste management
solutions that enable cities and industries optimize their resource management
and strengthen their environmental and economic performances, in line with
regulatory standards. To meet increasing demands to overcome resource quality
and scarcity challenges, SUEZ is fully engaged in the resource revolution. With
the full potential of digital technologies and innovative solutions, the Group
recovers 17 million tons of waste a year, produces 3.9 million tons of
secondary raw materials and 7 TWh of local renewable energy. It also secures
water resources, delivering wastewater treatment services to 58 million people
and reusing 882 million m3 of wastewater. SUEZ generated total revenues of 15.3
billion euros in 2016.
(1) That is the average opening prices of SUEZ shares on the Euronext Paris
market during the 20 trading days preceding the date on which the subscription
price is set as planned on 9 November 2017.
SUEZ
Siège social - Tour CB21 - 16 place de l'iris, 92040 Paris La Défense Cedex,
France - Tel : +33 (0)1 58 81 20 00 - www.suez.com
SA au capital de 2 453 538 196 euros - Siren 433 466 570 RCS NANTERRE -
TVA FR 76433 466 570