Brief: SQLI Publishes Main Features Of Its Share Buyback Program

Sqli SA

13/11/2023 17:09

Nov 13 (Reuters) - SQLI SA  SQLI.PA :
    * SQLI HAS PUBLISHED MAIN FEATURES OF ITS SHARE BUYBACK
PROGRAM
    * OBJECTIVES OF THIS SHARE BUYBACK PROGRAM ARE AS FOLLOWS:
    * OBJECTIVES: THEIR ALLOCATION ON EXERCISE OF RIGHTS
ATTACHED TO
SECURITIES GIVING ENTITLEMENT BY REDEMPTION, CONVERSION,
EXCHANGE, PRESENTATION OF A WARRANT OR ANY OTHER MEANS TO
EXISTING SHARES IN COMPANY
    * OBJECTIVES: ALLOCATION OF SHARES TO EMPLOYEES AND OFFICERS
OF
COMPANY AND RELATED COMPANIES, IN ACCORDANCE WITH TERMS AND
CONDITIONS LAID DOWN BY LAW, NOTABLY IN CONNECTION WITH
PROFIT-SHARING SCHEMES, STOCK OPTION PLANS, FREE SHARE ISSUES OR
COMPANY SAVINGS PLANS
    * OBJECTIVES: THEIR CANCELLATION, SUBJECT TO ADOPTION BY
ANNUAL
GENERAL MEETING OF RESOLUTION AUTHORIZING A CAPITAL REDUCTION
    * COMPANY WILL ENSURE THAT THESE OBJECTIVES ARE ACHIEVED IN
COMPLIANCE WITH APPLICABLE REGULATIONS
    * MAXIMUM NUMBER OF SHARES TO BE ACQUIRED IS 10% OF TOTAL
NUMBER
OF SHARES COMPRISING SHARE CAPITAL, WHICH CURRENTLY STANDS AT
4,657,019 SHARES
    * A MAXIMUM PURCHASE PRICE OF EUR60 PER SHARE, EXCLUDING
COSTS
    * MAXIMUM AMOUNT ALLOCATED TO THIS PROGRAM AT FIVE MILLION
EUROS
(EUR5,000,000)
    * PROGRAM LAUNCHED FOR A PERIOD OF 6 MONTHS, I.E. UNTIL MAY
10,
2024

Source text for Eikon:  urn:newsml:reuters.com:*:nACT82890
Further company coverage:  SQLI.PA 

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