BIC - Impact Share Buyback Program_12 March 2021
12 März 2021 - 08:00AM
BIC - Impact Share Buyback Program_12 March 2021
FOR IMMEDIATE
RELEASE
BIC LAUNCHES A 40 MILLION EUROS
IMPACT SHARE BUYBACK PROGRAM
Part of the funds will be allocated to
J-PAL and the BIC Corporate Foundation
Clichy France – March 12, 2021 – BIC announces
today the launch of its 40 million euros ESG Impact Share Buyback
program1. The purchase period will start on March 12, 2021, and end
on December 16, 2021, at the latest. The maximum purchase price per
share shall not exceed 100 euros.
Exane BNP Paribas will execute the program under the
authorization granted by SOCIETE BIC Annual Shareholder Meeting on
May 20, 2020, and under the Market Abuse Regulation (" MAR") and
the Commission Delegated Regulation (the "Safe Harbour
Regulation").
This program is consistent with BIC's vision and mission to
create and share value with all stakeholders. The outperformance2
in purchasing the share over the program's execution will be
allocated to the Abdul Latif Jameel Poverty Action Lab (J-PAL), the
global research center led by professors Abhijit Banerjee, Esther
Duflo, and Ben Olken, and the BIC Corporation Foundation for
Education.
##
Contact
Sophie Palliez-CapianVP, Corporate Stakeholder Engagement+33 1
45 19 55 28+ 33 87 89 3351Sophie.palliez@bicworld.com
Michèle VenturaSenior Manager, Investor Relations+ 33 1 45 19 52
98Michele.ventura@bicworld.com
Albane de La Tour d’Artaise Senior Manager, Institutional Press
Relations+ 33 1 45 19 51 51+ 33 7 85 88 19
48 Albane.DeLaTourDArtaise@bicworld.com
Isabelle de Segonzac Image 7+ 33 6 89 87 61
39 isegonzac@image7.fr
2021 AGENDA
ALL DATES TO BE CONFIRMEDPlease click on the date to add the
event to your calendar
1st Quarter 2021 Results |
April 28, 2020 |
2021 AGM |
May 19, 2021 |
First Half 2021 Results |
July 29, 2021 |
3rd Quarter 2021 Results |
October 28, 2021 |
ABOUT BIC
A world leader in stationery, lighters and shavers, BIC brings
simplicity and joy to everyday life. For more than 75 years, the
Company has honored the tradition of providing high-quality,
affordable, essential products to consumers everywhere. Through
this unwavering dedication, BIC has become one of the most
recognized brands and is a trademark registered worldwide. Today,
BIC products are sold in more than 160 countries around the world
and feature iconic brands such as Cello®, BIC FlexTM, Lucky
Stationery, Us. TM, Soleil®, Tipp-Ex®, Wite-Out®, Djeep, Rocketbook
and more. In 2020, BIC Net Sales were 1,627.9 million euros. The
Company is listed on "Euronext Paris," is part of the SBF120 and
CAC Mid 60 indexes and is recognized for its commitment to
sustainable development and education. It received an A- Leadership
score from CDP. For more, visit about.bic.com or follow us on
LinkedIn, Instagram, Twitter, or YouTube.
ABOUT J-PAL
The Abdul Latif Jameel Poverty Action Lab (J-PAL) is a global
research center working to reduce poverty by ensuring that policy
is informed by scientific evidence. Anchored by a network of 227
affiliated professors at universities around the world, J-PAL
conducts randomized impact evaluations to answer critical questions
in the fight against poverty. J-PAL's network of seven regional
offices is hosted at leading universities in Africa, Europe, Latin
America & the Caribbean, the Middle East & North Africa,
North America, South Asia, and Southeast Asia.
ABOUT Exane BNP Paribas
Exane BNP Paribas is a leading European equities business. We
offer a high-quality execution platform with full electronic
trading capability. Our Research product is renowned for its depth
and quality and is reinforced by experienced, top-ranked Sales
& Specialist Sales teams as well as a dedicated corporate
access service Exane BNPP Corporate Broking team is active in
market intelligence, liquidity agreements, share buybacks and
management of listed stakes.
1 Maximum amount
2 The outperformance is the difference between the purchase
price and the average VWAP over the execution period.
- BIC_Impact Share BuyBack program_12 March 21
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