Brief: OL Group Entered Into A Share Purchase Agreement With Jean-Michel Aulas And Holnest

Eagle Football SA

11/12/2023 18:05

Dec 11 (Reuters) - Olympique Lyonnais Groupe SA
 OLG.PA :
    * ENTERED INTO A SHARE PURCHASE AGREEMENT WITH MR.
JEAN-MICHEL
AULAS AND HOLNEST ( "SHARE PURCHASE AGREEMENT"), IMPLEMENTING
PURCHASE BY OL GROUPE OF ONE-THIRD OF OL GROUPE SHARES
    * ALSO ENTERED INTO ON 11 DECEMBER 2023 AFTER BEING
AUTHORIZED TO
DO SO BY BOARD OF DIRECTORS DURING MEETING HELD ON SAME DATE,
PURSUANT TO ARTICLES L. 225-38 ET SEQ. OF FRENCH COMMERCIAL
CODE, A SETTLEMENT AGREEMENT
    * SUCH BUY-BACK WILL BE CARRIED OUT UNDER SHARE BUYBACK
PROGRAM
AUTHORIZED BY ANNUAL GENERAL MEETING OF 11 DECEMBER 2023.
    * PARTIES SHALL MAKE THEIR BEST EFFORTS FOR COMPLETION OF
TRANSFER
UNDER SHARE PURCHASE AGREEMENT TO OCCUR BY 31 DECEMBER 2023, AND
IN ANY CASE AT LATEST ON 16 JANUARY 2024
    * UPON COMPLETION OF BUYBACK, HOLNEST WILL WITHDRAW FROM
RELATED
LEGAL PROCEEDINGS.

Source text for Eikon:  ID:nACT83300 
Further company coverage:  OLG.PA 

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