CREDIT AGRICOLE SA: Crédit Agricole S.A. launches a share repurchase program for 558.6 million euros
09 Juni 2021 - 7:30PM
CREDIT AGRICOLE SA: Crédit Agricole S.A. launches a share
repurchase program for 558.6 million euros
Montrouge, 9 June 2021
Crédit Agricole S.A.
launches a share repurchase
program for 558.6 million
euros
Crédit Agricole S.A., having received
all necessary supervisory approvals, announces today that it will
start a share repurchase program of Crédit
Agricole S.A.’s ordinary shares for a maximum consideration
of 558.6 million euros. The
program shall start on 10 June 2021 and end no later than 30
September 2021. Shares purchased
under the Program will be cancelled.
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 10 June 2021 and ending no later than 30 September
2021, of ordinary shares in the share capital of Crédit Agricole
S.A. (the “Ordinary Shares”) for
an aggregate purchase price of no greater than 558.6 million
euros.
Any purchase of Ordinary Shares done in relation
to this announcement will be carried out on the regulated market of
Euronext Paris and Multilateral Trading Facilities where the
Ordinary 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 programmes and
stabilisation measures, and Crédit Agricole S.A.’s general
authority to make market purchases of shares pursuant to the 29th
resolution adopted by the General Meeting of Crédit Agricole S.A.
on 12 May 2021. Crédit Agricole S.A. will announce any market
repurchase of Ordinary 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 38) of Crédit Agricole S.A.’s Universal
Registration Document filed and registered with the Autorité des
marchés financiers on 24 March 2021 under number D.21-0184, as well
as the text of the 29th resolution adopted by the General Meeting
of Crédit Agricole S.A. on 12 May 2021, 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 CONTACTS
Charlotte de Chavagnac : + 33 1 57 72 11 17 -
charlotte.dechavagnac@credit-agricole-sa.frPauline Vasselle :
+ 33 1 43 23 07 31 -
pauline.vasselle@credit-agricole-sa.fr
All our press releases are available at:
www.credit-agricole.com
- 2021 06 09 PR CASA rachat actions_EN
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