DJ RUBIS: Presentation of the share buyback program authorized by the Combined Shareholders' Meeting held on Dec. 9, 2020
RUBIS
RUBIS: Presentation of the share buyback program authorized by the Combined
Shareholders' Meeting held on Dec. 9, 2020
23-Dec-2020 / 19:00 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Paris, December 23, 2020, 7:00 pm
This presentation of the share buyback program is set in accordance with the
provisions of articles 241-1 and 241-2 of the General Regulation of the
Autorité des Marchés Financiers (AMF). It aims at disclosing the objectives
and the modalities of the buyback program by the Company of its own shares,
as authorized by the Combined Shareholders' Meeting held on Dec. 9, 2020
(1st and 2nd resolutions).
The objectives of this program are:
i) To reduce the capital by canceling all or part of the shares thus
purchased, notably in accordance with the authorization granted by the
Combined Shareholders' Meeting held on Dec. 9, 2020 (2nd resolution)
(objective provided for in Article 5 of the MAR);
ii) To ensure the existence of a secondary market or the liquidity of the
share by an investment services provider acting in complete independence
under a liquidity contract in accordance with a Code of Ethics recognized
by the Autorité des Marchés Financiers and in accordance with the AMF
decision 2018-01 of July 2, 2018 or any other subsequent AMF decision
(objective provided for in Article 13 of the MAR and in application of the
sole market practice admitted by the Autorité des Marchés Financiers).
The shares may be purchased, except during the period of a public offer for
the Company's shares, at such times as the Board of Management may
determine, in compliance with applicable regulations, either directly or
indirectly through an investment services provider.
The shares may be purchased by any means, including in whole or in part
through trading on regulated markets, multilateral trading facilities,
through systematic internalizers, by public offer or by the use of optional
mechanisms or derivative instruments (in compliance with the legal and
regulatory provisions applicable at the time), excluding the sale of put
options.
The maximum amount of funds allocated to the implementation of the share
buyback program is €280 million (two hundred and eighty million euros)
(excluding fees and commissions) within the following limits: (i) a maximum
amount of €250 million (two hundred and fifty million euros) (excluding
fees and commissions) to buy back shares with a view to reducing the capital
by canceling shares that have been bought back, and (ii) the maximum amount
of funds allocated to the implementation of the share buyback program under
the liquidity contract is €30 million (thirty million euros) (excluding
fees and commissions) in compliance with applicable regulations.
The maximum purchase price is set at €55 (fifty-five euros) (excluding
fees and commissions) per share.
In the case of a capital increase through incorporation of issue premiums,
reserves, profits or otherwise by granting free shares, as well as in the
case of a stock split or reverse stock split, or a capital repayment or
reduction, or in the event of a change in the par value of the share, the
Board of Management will have the power to adjust, where necessary, the
aforementioned maximum unit price to account for the effect of these
transactions on the share value.
The number of shares that may be purchased shall not exceed 10% of the
number of shares comprising the Company's share capital, including a maximum
percentage of 1% of the shares comprising the Company's share capital
purchased under the liquidity contract. These percentages apply to the share
capital adjusted to reflect transactions that may affect it subsequent to
the Combined Shareholders' Meeting held on Dec. 9, 2020. The number of
shares taken into account for the calculation of the limit of 1% corresponds
to the number of shares purchased, less the number of shares sold during the
term of the authorization granted by the Combined Shareholders' Meeting held
on Dec. 9, 2020 when those shares were purchased to promote liquidity under
the conditions defined by the General Regulation of the Autorité des Marchés
Financiers. At any time whatsoever, the number of shares that the Company
will hold, directly or indirectly, shall not exceed 10% of the shares
comprising its share capital on the date in question.
The authorization granted by the Combined Shareholders' Meeting held on Dec.
9, 2020 cancelled, for the remaining period and up to the unused portion,
the authorization granted by the Ordinary Shareholders' Meeting held on June
11, 2020, whose single objective was to ensure the existence of a secondary
market or the liquidity of the share by an investment services provider
acting in complete independence under a liquidity contract (15th
resolution).
As of Dec. 22, 2020, the Company held 59,837 shares, representing less than
0.06% of its share capital, fully acquired under a liquidity contract.
The program which is described herein is valid for a period of 18 months as
from the authorization granted by the Combined Shareholders' Meeting held on
Dec. 9, 2020, i.e., until June 8, 2022.
Contact
RUBIS - Legal department
Tel: +(33) 1 44 17 95 95
Regulatory filing PDF file
File: RUBIS: Presentation of the share buyback program authorized by the
Combined Shareholders' Meeting held on Dec. 9, 2020 [1]
Language: English
Company: RUBIS
46, rue Boissière
75116 Paris
France
Phone: +33 144 17 95 51
Fax: +33 145 01 72 49
E-mail: communication@rubis.fr
Internet: www.rubis.fr
ISIN: FR0013269123
Euronext Ticker: RUI
AMF Category: Share buyback / Disposal of own shares / Description of the
buyback programme
EQS News ID: 1157308
End of Announcement EQS News Service
1157308 23-Dec-2020 CET/CEST
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5559c7976f32ee357635fd9898caed8c&application_id=1157308&site_id=vwd&application_name=news
(END) Dow Jones Newswires
December 23, 2020 13:00 ET (18:00 GMT)
