BIC: Share capital reduction by cancellation of treasury shares
12 Décembre 2023 - 5:47PM
BIC: Share capital reduction by cancellation of treasury shares
Clichy, France - December 12, 2023
Share Capital Reduction by Cancellation
of Treasury Shares Final decision
As part of the share buyback program announced by the Company on
February 14, 2023, and implemented with the authorization of the
General Meetings of May 18, 2022, and May 16, 2023, the Company has
acquired 1,681,537 shares for a total of €100 million.
The Board of Directors met today and decided to reduce the
Company’s share capital by cancelling 1,681,537 treasury shares (or
3.8% of the Company’s share capital) which correspond to the BIC
shares purchased by the Company as part of the abovementioned
buyback program. The Board of Directors delegates powers to the
Chief Executive Officer, or to any other person responsible for
implementation, to take all necessary measures to carry out said
capital reduction. The cancellation will be effective December 15,
2023.
After the cancellation, Société BIC share capital will consist
of 42,270,689 shares.Société MBD and the Bich family concert will
have therefore crossed various Company share capital and voting
right thresholds, as indicated in the statement published by the
AMF on November 16, 2023 (D&I 223C1855).
In light of this, Société MBD and the Bich family concert
requested and obtained a waiver to the obligation to file a
mandatory public offering for the Company in accordance with the
provisions of articles 234-8, 234-9, 6° and 234-10 of the General
Regulation of the Autorité des marchés financiers (AMF) (D&I
223C1855 of November 16, 2023).
Contacts
Investor
Relationsinvestors.info@bicworld.com Kimberly StewartHead of
Investor Relations+33 6 37 01 42
68kimberly.stewart@bicworld.com |
PressIsabelle de
Segonzac – Image Sept+33 6 89 87 61
39isegonzac@image7.fr |
CALENDAR
All these dates may be subject to change.
FY 2023 results |
February 19, 2024 (after market close) |
Q1 2024 results |
April 23, 2024 (after market close) |
AGM 2024 |
May 29, 2024 |
- BIC_Share_Capital_Reduction_12-December_2023_EN
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