PRESS RELEASE: BIGBEN - DESCRIPTION OF THE SHARE BUY BACK PROGRAMME
01 März 2021 - 06:35PM
PRESS RELEASE: BIGBEN - DESCRIPTION OF THE SHARE BUY BACK PROGRAMME
Press release
Lesquin, 1st March 2021 17:45hrs
Description of the share buy back
programme authorised by the Combined general meeting of 30 July
2020 and implemented by the Board of directors of 1 March
2021
Bigben Interactive announces the implementation
of its share buyback programme authorised by the General Meeting of
Shareholders on 30 July 2020. In this respect, the Company has
provided an investment services provider, CIC Market Solutions,
with a mandate to acquire shares.
1. Legal
framework
Pursuant to the provisions of Articles L.
225-209 et seq. of the French Commercial Code, Articles 241-1 to
241-7 of the General Regulations of the Autorité des Marchés
Financiers (the French Stock Exchange Authority) and EU Regulation
No. 596/2014 of the European Parliament and of the European Council
of 16 April 2014 on market abuse, the aim of this description is to
present the purpose and terms of the Company's share buyback
programme.
2. Date of the combined general meeting of
shareholders that authorised the share buyback programme and date
of implementation
The authorisation for the Company to purchase its own shares was
granted by the Combined General Meeting of 30 July 2020 (fifteenth
resolution). It was implemented by the Board of Directors following
the meeting of March 1, 2021.
3. Number of shares and percentage of share
capital held directly or indirectly
As of February 26, 2021, the number of shares held directly or
indirectly was 9,650, representing circa 0.05 % of the share
capital.
4. Breakdown of directly held securities by
objective
On February 26, 2021, the allocation of shares held was as
follows :
- market making for the Company’s shares (liquidity contract):
9,650 shares,
- retention with a view to future delivery in exchange or
payment of other shares in connection with possible external growth
transactions: 0 shares.
5. Purpose of the new
buyback programme
The purpose of the share buyback programme implemented by the
Board of Directors on 1 March 2021 would be to enable the Company
to purchase its own shares mainly with a view to :
- cancelling them subsequently by reducing the Company's share
capital, in accordance with the authorisation granted to the Board
of Directors by the Combined General Meeting of 30 July 2020
(twenty-fifth resolution),
- animating the market through the intermediary of an investment
services provider acting in the name and on behalf of the Company
within the framework, in particular, of a liquidity contract that
complies with the ethical charter recognised by the Autorité des
Marchés Financiers.
The procedures for implementing this target are as follows:
- completion of the share buyback programme by an investment
services provider,
- implementation as of 2 March 2021 and for an initial period
expiring no later than 30 July 2021, and
- continuation of the liquidity contract.
6. Maximum percentage of capital, maximum
number and specifications of securities, maximum purchase
price
As at 26 February 2021, the share capital amounted to 39,939,316
euros, divided into 19,969,658 shares.
The buyback programme concerns the shares of the Bigben
Interactive Company (ISIN code FR0000074072) admitted to trading on
the Euronext regulated market in Paris.
The Combined General Meeting of 30 July 2020 set the maximum
proportion of capital that the Company may hold at 10% of the
number of shares comprising the share capital on the date of
completion of the purchases, i.e. a theoretical number of
approximately 1,996,965 shares with a maximum amount of purchases
not to exceed a total of 10 million euros.
Considering the maximum purchase price set by the General
Meeting at 28 euros per share, it is specified that the unit
purchase price of the shares may not at any time exceed 2.90 times
the price of Nacon shares (ISIN code FR0013482791).
7. Duration of the buyback
programme
The duration of the programme has been set at 18 months as from
the Combined General Meeting of 30 July 2020, i.e. until 29 January
2022.
Next publication:
Q4 2020/21 sales: 26
April 2021Press release after close of the Paris stock
exchange
ABOUT BIGBEN INTERACTIVE
|
SALES 2019-2020263.5 M€
HEADCOUNTCa. 750 employees
INTERNATIONAL21 subsidiaries and a
distribution network in 100
countries www.bigben-group.com |
Bigben Interactive is a European player in video game
development and publishing, in design and distribution of
smartphone and gaming accessories as well as in audio products. The
Group, which is recognized for its capacities in terms of
innovation and creativity, intends to become one of Europe’s
leaders in each of its markets Company listed on Euronext
Paris, compartment B – Index : CAC Mid & Small – Eligible
SRD longISN : FR0000074072 ; Reuters : BIGPA ;
Bloomberg : BIGFP PRESS CONTACTS
CapValue – Gilles Broquelet gbroquelet@capvalue.fr - +33 1
80 81 50 01 |
- BBI - CP Programme rachat d'actions_ENG_Diffusion
Bigben Interactive (EU:BIG)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
Bigben Interactive (EU:BIG)
Historical Stock Chart
Von Mär 2023 bis Mär 2024