Elis: Press release related to the liquidity contract
02 Januar 2024 - 7:00AM
Elis: Press release related to the liquidity contract
Press release related to the liquidity
contract
Saint-Cloud, January 2, 2024 -
Elis the global leader in circular services at work, announces the
termination of the liquidity contract agreed on February 26, 2021
with Exane BNP Paribas (became BNP Paribas Arbitrage). The
termination is effective since December 31, 2023.
On the day of the termination, the following
resources were recorded on the liquidity account:
- 63,192
shares,
- €
2,570,530.
As a reminder, at the time of the last
half-yearly report as at June 30, 2023 (Cf. press release dated on
July 12, 2023), the following resources appeared on the liquidity
account:
- 104,816
shares,
- €
1,868,611.
Elis agreed a liquidity contract, effective on
January 2, 2024 with Natixis Oddo BHF regarding its ordinary shares
(ISIN code FR0012435121). This contract has been signed for an
initial period ending December 31, 2024 and is then renewable each
year for a 1-year period by tacit renewal and is in compliance with
AMF decision n°2021-01 of June 22, 2021 establishing liquidity
contracts on shares as an accepted market practice (the “AMF
Decision”). The trading platform on which transactions under this
liquidity contract will be carried out is Euronext Paris.
The following resources have been credited to
the liquidity account:
- 63,192
shares,
- €
3,700,000.
The performance of the liquidity agreement may
be suspended in the following cases:
- The conditions
set out under article 5 of the AMF Decision are met,
- The number of
shares held by the Issuer is equal to the maximum number allowed by
Issuer’s Shareholders’ Meeting, taking into account notably the
Shares already held by the Issuer in accordance with article L.
225-210 of the Code de commerce;
- The current
market price of the shares is outside the intervention thresholds
authorized by the Issuer’s Shareholders’ Meeting;
- the expiry or
suspension of the share buy-back authorization of the Issuer’s
Shareholders’ Meeting or in the event the limits set by the
Issuer’s Shareholders’ Meeting are reached, including the
impossibility to perform the Agreement during public offer periods
on Issuer’s share capital (except with prior approval from the
Issuer’s Shareholders’ Meeting).
The liquidity agreement may be terminated:
- By Elis, at any
time and without notice, in accordance with Liquidity Account’s
closure conditions set out under article 19 of the liquidity
contract,
- By Natixis Oddo
BHF, upon one-month notice period. Upon expiry of the notice
period, the liquidity Account will be closed in accordance with
conditions set in the liquidity contract.
Contact
Nicolas BuronDirector of Investor Relations,
Financing & TreasuryPhone: +33 1 75 49 98 30 -
nicolas.buron@elis.com
- 20240102 - Termination and implementation of the liquidity
contract
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