Kaufman & Broad SA
Kaufman & Broad SA: DESCRIPTION OF THE SHARE REPURCHASE PROGRAM
05-May-2020 / 18:03 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
DESCRIPTION OF
THE SHARE REPURCHASE PROGRAM
Paris, May 5th, 2020
1) Result of the previous plan
Declaration of the operations realized on treasury shares from May 2nd, 2019
until May 4th, 2020 (covering the period starting the day following the
assessment of the previous program was established and ending on May 5th,
2020):
Percentage of treasury shares in the capital 1.51%
owned directly and indirectly (1)
Number of stocks cancelled in the last 24 months 210,732
(2)
Number of shares owned in portfolio (1) 332,968
Accounting value of the portfolio (1) EUR 10,041,997
Market value of the portfolio (1) EUR 10,971,296
Amounted gross Positions opened the day of the
flow (3) description of the repurchase
program
Buy Sales / Buy positions Sales positions
Transfer
Call Futures Put Forward
option option sale
bought sold
Number 735,752 496,928
of
shares
Average
maximum
maturit
y
Average 34.43 24.67
transac
tion
price
(3)
Cash
transac
tion
Amounts 25,332,4 12,258,4
72 80
1) On May the 4th 2020
2) In the last 24 months prior to May the 5th 2020
3) Covering the period starting the day following the assessment of the
previous program was established and ending on May 4th,2020. Transaction
made as part of block transactions or liquidity contract.
2) Allocation by objectives of shares owned the day of the publication of
the hereby document:
Number of treasury shares owned directly and indirectly: 332,968
representing 1.51% of the company capital.
Number of shares owned by objective:
· Animation of the stock through a liquidity contract AMAFI: 0
· External growth operation: 203,829
· Cover option plan for stock or other employees' shareholding system:
129,139
· Coverage of securities giving right to share attribution: 0
· Cancellation: 0
3) New share repurchase program
· Program Authority: Shareholders 'Meeting on 5 May 2020
· Securities covered: Ordinary shares
· Maximum proportion of the share capital authorized for buyback: 10%
currently equivalent to 2,208,802 shares. Given the number of shares
already held and amounting to 332,968 (1.51% of the share capital), the
maximum number of additional shares that can be bought will be 1,875,834
shares (8.49% of the share capital) unless the Company sells or cancels
the shares already held.
· Maximum purchase price: 60 euros
· Objectives in decreasing order of priority:
· Stimulate the market or the liquidity of the Company's shares through an
investment service provider under a liquidity agreement that complies with
the AMAFI Ethics Charter recognized by the AMF,
· Acquire shares to be held and subsequently delivered in payment or
exchanged as part of corporate acquisition transactions,
· Award or transfer stock to employees and/or corporate officers (on the
terms and in the manner provided for by law) in particular as part of a
stock option plan, a bonus share award plan or a company savings plan,
· Award stock by the delivery of shares when exercising the rights
attached to securities giving the right via redemption, conversion,
exchange or presentation of a warrant, or in any other way, to an
allocation of the Company's stock,
· Potentially cancel the shares acquired, subject to adoption of the
seventeenth extraordinary resolution appearing on the agenda for today's
Shareholder's Meeting,
· Program duration: 18 months after Shareholders 'Meeting held on May 5th,
2020, so up to November the 5th, 2021.
This press release is available on the website: www.kaufmanbroad.fr [1]
Contacts
Chief Financial Officer Kaufman & Broad: Emmeline Cacitti
Bruno Coche + 33 (6) 72 42 66 24 / ecacitti@ketb.com
+33 (1) 41 43 44 73
Infos-invest@ketb.com
About Kaufman & Broad - Kaufman & Broad has been designing, building, and
selling single-family homes in communities, apartments, and offices on
behalf of third parties for 50 years. Kaufman & Broad is one of the leading
French developers-builders due to the combination of its size and
profitability, and the strength of its brand.
The Kaufman & Broad Registration Document was filed with the French
Financial Markets Authority ("AMF") under No. D.20-023 on March 31, 2020. It
is available on the AMF (www.amf-france.org [2]) and Kaufman & Broad
(www.kaufmanbroad.fr [3]) websites. It contains a detailed description of
Kaufman & Broad's business activities, results, and outlook, as well as the
associated risk factors. Kaufman & Broad specifically draws attention to the
risk factors set out in Chapter 1.2 of the Registration Document. The
occurrence of one or more of these risks might have a material adverse
impact on the Kaufman & Broad group's business activities, net assets,
financial position, results, and outlook, as well as on the price of Kaufman
& Broad's shares.
This press release does not amount to, and cannot be construed as amounting
to a public offering, a sale offer or a subscription offer, or as intended
to seek a purchase or subscription order in any country.
Regulatory filing PDF file
Document title: DESCRIPTION OF THE SHARE REPURCHASE PROGRAM
Document: https://eqs-cockpit.com/c/fncls.ssp?u=MKOUYSBYGE [4]
1036403 05-May-2020 CET/CEST
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(END) Dow Jones Newswires
May 05, 2020 12:04 ET (16:04 GMT)
