WENDEL: Wendel announces the completion of its €200 million share repurchase programme
19 Dezembro 2019 - 2:19PM
WENDEL: Wendel announces the completion of its €200 million share
repurchase programme
The €200 million share repurchase agreement
entered on March 26, 2019, with Goldman Sachs International
(“Goldman Sachs”), initiated on April 17, 2019, was completed on
December 17, 2019.
Between April 17, 2019 and December 17, 2019, in
the context of this programme, Wendel acquired a total of 1,645,338
ordinary shares (representing 3.55% of outstanding shares count
before the launch of the programme) at an average adjusted price of
€121.5555.
As a reminder, on April 23, 2019, Wendel made a
€200 million payment to Goldman Sachs and received 1,169,399 of its
own ordinary shares. These shares were canceled on April 25,
2019.
Upon completion of the agreement, Wendel
received from Goldman Sachs 475,939 additional ordinary shares.
This additional number of shares has been determined on the basis
of the volume-weighted average price per share, less a discount,
over the execution period. The additional 475,939 ordinary shares
were delivered on December 19, 2019 were canceled on the same
day.
Wendel capital will thus be composed of
44,682,308 shares.
It is recalled that the 913,184 shares currently
held in treasury acquired prior to this share repurchase agreement
and allocated to other objectives, are not intended to be
cancelled.
The liquidity contract, which had been suspended
since April 17, 2019, will resume its activity starting from
December 20, 2019.
Agenda
03.18.2020
2019 FY Results / Publication
of NAV of December 31, 2019 (post-market release)
04.30.2020
Q1 2020 Trading update /
Publication of NAV as of March 31, 2020 (pre-market release).
06.04.2020
2020 Annual General Meeting
07.30.2020
H1 2020 results / Publication
of NAV as of June 30, 2020, and condensed Half-Year consolidated
financial statements (post-market release).
11.04.2020
2020 Investor Day /
Presentation of NAV as of September 30, 2020, and Q3 2019 trading
update (publication post-market release on 11/03/2020).
- 20191219_ShareRepurchaseFinalization
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