PRESS RELEASE: BIGBEN: Description of the share buy back programme
08 September 2021 - 08:00PM
PRESS RELEASE: BIGBEN: Description of the share buy back programme
Bigben
Press release
Lesquin, 8 September 2021
18:00hrs
Description of the share
buy back programme
authorised by the Combined
general meeting of 30 July 2021
and implemented by the Board of directors of
8 September 2021
Bigben Interactive announces the implementation
of its share buyback programme authorised by the General Meeting of
Shareholders on 30 July 2021. 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.
22-10-62 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 2021 (seventeenth resolution). It was implemented by the Board
of Directors following the meeting of September 8, 2021.
3. Number
of shares and percentage of share capital
held directly or indirectly
As of September 7, 2021, the number of shares
held directly or indirectly was 14,353, representing circa 0.07 %
of the share capital.
4. Breakdown
of directly held securities by objective
On September 7, 2021, the allocation of shares
held was as follows :
- market making for the Company’s shares
(liquidity contract): 14,353 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 8 September 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 2021 (twenty-ninth 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 9 September 2021 and for
an initial period expiring no later than 31 December 2021, and
- continuation of the liquidity contract.
6. Maximum
percentage of capital, maximum number and
specifications of securities, maximum
purchase price
As at 7 September 2021, the share capital
amounted to 38,911,576 euros, divided into 19,455,788 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 2021 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 1,945,578 shares with a maximum amount of purchases
not to exceed a total of 40 million euros.
Considering the maximum purchase price set by
the General Meeting, it is specified that the unit purchase price
of the shares may not at any time exceed 3 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 2021, i.e.
until 29 December 2023.
Next publication:
Q2
2021/22
sales: 25
October 2021Press release after close of
the Paris stock exchange
ABOUT BIGBEN
INTERACTIVE |
SALES
2020-2021292.8
M€ HEADCOUNTMore than 920
employees INTERNATIONAL24 subsidiaries and a
distribution network in more than 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 CONTACTSCapValue
– Gilles Broquelet gbroquelet@capvalue.fr - +33 1 80 81 50
01 |
- BBI - CP Programme rachat d'actions_08_09_2021_Diffus ENG
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