Aéroports de Paris SA: Outline of the share buyback programme
05 Mai 2020 - 5:45PM
Aéroports de Paris SA: Outline of the share buyback programme
FINANCIAL RELEASE
5 May 2020
Aéroports de Paris
Outline of the 2020-2021 share buyback
programme
The draft resolution n°15, which is
subject to the approval of the shareholders within the ordinary
part of the combined General Meeting of the Shareholders, aims to
renew the authorization granted to the Board of Directors to decide
on the implementation of a share buyback programme enabling the
trading of Company's shares.
Pursuant to article 241-2 of the General
Regulations of the AMF, Aéroports de Paris presents below a
description of the share buyback programme which will thus be
submitted to the vote of the shareholders.
Maximum share of the capital available for
buyback by the Company:
10 % of the number of shares making up the
Company capital (on an indicative basis 9,896,060 shares to this
day) on the date of purchase; the total number of shares held on a
given date cannot exceed 10% of the existing Company capital on the
same date.
Objectives of the programme:
- The influencing of the secondary market or the liquidity
of Aéroports de Paris shares through a liquidity contract with an
independent investment services provider, in accordance with the
accepted market practice recognized by the AMF on its decision n°
2018-01 of 2 July 2018 ;
- The allotting or selling of shares to employees as part of the
profit-sharing scheme or the implementation of any employee savings
plan of the company or the group (or associated plan) in
accordance with the conditions stipulated by law, notably the
articles L. 3332-1 and following of the French Labor Code
;
- The free allotting of shares as part of the disposals of
articles L. 225-197-1 and following of the French Commercial
Code
- The implementing of any company stock option purchase plan in
accordance with the provisions of articles L. 225-177 et seq. of
the French Commercial Code or any similar plan;
- The total or partial cancellation of the shares thus acquired,
subject to authorization by an Extraordinary General Meeting to
reduce the share capital;
- The delivery of shares on the exercising of rights attached to
securities giving access to capital by way of redemption,
conversion, exchange, presentation of a warrant or in any other
way;
- The holding and subsequent delivering of shares (by way of
payment, exchange, contribution or other) as part of external
growth transactions, mergers, spinoffs or contributions;
- Enabling the Company to conclude transactions for any
authorized purpose or any purpose such as may become authorized by
law or applicable regulations.
Buyback terms:
The purchase, sale or transfer of the shares may
occur, at any time, within the limits authorized by the provisions
of the applicable laws and regulations, and by all means, on one or
more occasions, on regulated markets, multilateral trading systems
or over the counter, including by the purchase or sale of blocks,
public share purchase, sale or exchange offer, use of options or
other financial instruments negotiated or by delivery of shares
subsequent to the issuing of securities giving access to the
Company’s capital by way of conversion, exchange, redemption,
exercising of warrants or in any other way, whether directly or
indirectly via an investment services provider (without limiting
the portion of the buyback programme which may be made in this
way), or by any other way.
Maximal buyback price:
Maximum buyback price per share equal to 255
euros, excluding acquisition costs, for the liquidity contract, and
equal to 210 euros, excluding acquisition costs, for the other
operations of the program. The maximum amount allocated to the
share buyback program is 1,100 million euros.
Duration of the programme:
18 months from May 12, 2020, being until
November 11, 2021.
Implementation of the programme:
The Board of Directors' meeting of 25 March 2020
has decided, being subject the condition precedent of the approval
by the General Meeting of 12 May 2020 of the draft resolution
relating to the authorization to be granted to the Board of
Directors to trade in Aéroports de Paris shares, to implement the
share buyback programme authorized by the said meeting as part of
the liquidity contract concluded between Aéroports de Paris and an
investment service provider, namely Rothschild & Cie
Banque.
The amount of EUR 30 million is, subject to
restrictions originating from the applicable regulations, allocated
to the objective of influencing the secondary market or the
liquidity of Aéroports de Paris shares by an investment service
provider acting in compliance with the regulation of the Autorité
des marchés financiers (AMF) and the accepted market practice in
its decision n° 2018-01 of 2 July 2018.
Investor Relations: Audrey Arnoux, Head
of Investor Relations +33 6 61 27 07 39 - invest@adp.fr
Press contact: Lola Bourget, Head of Medias and Reputation
Department +33 1 74 25 23 23Groupe ADP develops and
manages airports, including Paris-Charles de Gaulle, Paris-Orly and
Paris-Le Bourget. In 2019, the group handled through its brand
Paris Aéroport more than 108 million passengers and 2.2 million
metric tons of freight and mail at Paris-Charles de Gaulle and
Paris-Orly, and more than 110 million passengers in airports
abroad. Boasting an exceptional geographic location and a major
catchment area, the Group is pursuing its strategy of adapting and
modernizing its terminal facilities and upgrading quality of
services; the group also intends to develop its retail and real
estate businesses. In 2019, group revenue stood at €4,700 million
and net income at €588 million. Registered office: 1, rue de
France, 93 290 Tremblay-en-France. Aéroports de Paris is a public
limited company (Société Anonyme) with share capital of
€296,881,806. Registered in the Bobigny Trade and Company Register
under no. 552 016 628.groupeadp.fr
- Aéroports de Paris SA - Outline of the share buyback
programme
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