CREDIT AGRICOLE SA: Crédit Agricole S.A. launches a Share Repurchase Program for up to 26,835,641 ordinary shares of the Company
05 Oktober 2023 - 5:45PM
CREDIT AGRICOLE SA: Crédit Agricole S.A. launches a Share
Repurchase Program for up to 26,835,641 ordinary shares of the
Company
Montrouge, 5 October 2023 |
Crédit Agricole S.A. launches a Share Repurchase Program
for up to 26,835,641 ordinary shares of the
Company
Crédit Agricole S.A.,
having received all necessary supervisory approvals,
announces today that it will start a share repurchase program of up
to 26,835,641 of Crédit Agricole S.A.’s ordinary shares. The
program shall start on 6 October 2023 and end no later than
12 January 2024. Shares purchased under the Program will be
cancelled.
This transaction aims to offset the
dilutive effect of the 2023 capital increase reserved for
employees.
Crédit Agricole S.A. has given an irrevocable
instruction to an independent investment services provider (the
“Investment Services Provider”) in relation to the
purchase by the Investment Services Provider, during the period
commencing on 6 October 2023 and ending no later than
12 January 2024, of ordinary shares in the share capital of
Crédit Agricole S.A. (the “Shares”) up to
26,835,641 Shares.
Any purchase of Shares done in relation to this
announcement will be carried out on the regulated market of
Euronext Paris and Multilateral Trading Facilities where the Shares
are admitted to trading or traded and executed in accordance with
the price and volume conditions set out in the Commission Delegated
Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation
(EU) No 596/2014 of the European Parliament and of the Council with
regard to regulatory technical standards for the conditions
applicable to buyback programs and stabilisation measures, and
Crédit Agricole S.A.’s general authority to make market purchases
of Shares pursuant to the 27th resolution adopted by the General
Meeting of Crédit Agricole S.A. on 17 May 2023. Crédit
Agricole S.A. will announce any market repurchase of Shares
accordingly.
The existing liquidity agreement with Kepler
Cheuvreux will be temporarily suspended during the execution of the
share repurchase program.
The description of the share repurchase program,
set out in Section 1 (page 36) of Crédit Agricole S.A.’s Universal
Registration Document filed and registered with the Autorité des
marchés financiers on 27 March 2023 under number D.23-0154, as well
as the text of the 27th resolution adopted by the General Meeting
of Crédit Agricole S.A. on 17 May 2023, are available on
Crédit Agricole S.A.’s website:
-
www.credit-agricole.com/en/finance/finance/financial-publications
and
-
www.credit-agricole.com/en/finance/finance/individual-shareholders/annual-general-meeting,
respectively.
This announcement does not constitute,
or form part of, an offer or any solicitation of an offer for
securities in any jurisdiction.
CRÉDIT AGRICOLE S.A. PRESS CONTACT
Alexandre Barat : 01 57 72 12 19 –
alexandre.barat@credit-agricole-sa.frOlivier Tassain : 01 43
23 25 41 –
olivier.tassain@credit-agricole-sa.fr Find
our press release on: www.credit-agricole.com -
www.creditagricole.info
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