REG - Compagnie St-Gobain - Share buy back <Origin Href="QuoteRef">SGOB.PA</Origin>

Compagnie de Saint Gobain SAAnnouncement

02/06/2017 09:20

RNS Number : 9832G
Compagnie de Saint-Gobain
02 June 2017
PRESS RELEASE
June 2, 2017
Saint-Gobain buys back 1 MILLION SHARES in Wendel's accelerated bookbuilding concerning 20 million 
Saint-Gobain shares
Saint-Gobain announces that it has bought back 1 million of its own shares (c.0.2% of its share capital) at a price of 50 million euros in an accelerated bookbuilding process completed by Wendel. This buyback was made at the placement price as part of the existing share buyback program authorized by Saint-Gobain's shareholders at the AGM of June 2, 2016. All shares so repurchased will be cancelled.
Following completion of this transaction and future cancellation of the shares so repurchased, Wendel will retain a stake of approximately 2.5% of Compagnie de Saint-Gobain's share capital and 4.5% of its voting rights.
The transaction launched by Wendel has given Saint-Gobain the opportunity to buy back additional shares at attractive terms in line with its long term buyback objective as part of the Group's repurchase program on the basis of which it has bought back more than 2 million shares during May 2017 at an average price slightly below 50 euros. 
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.
39.1 billion in sales in 2016
Operates in 67 countries
More than 170,000 employees
www.saint-gobain.com
@saintgobain 
Analyst/Investor relations
Media relations
Vivien Dardel 
Florent Nouveau
Floriana Michalowska
+33 1 47 62 44 29
+33 1 47 62 30 93
+33 1 47 62 35 98 
Susanne Trabitzsch
+33 1 47 62 43 25

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