CREDIT AGRICOLE SA: Crédit Agricole S.A. launches a Share Repurchase Program for up to 15,128,677 ordinary shares of the Company
30 Settembre 2024 - 6:00PM
UK Regulatory
CREDIT AGRICOLE SA: Crédit Agricole S.A. launches a Share
Repurchase Program for up to 15,128,677 ordinary shares of the
Company
Montrouge, September 30th, 2024
Crédit Agricole S.A. launches a Share
Repurchase Program for up to 15,128,677 ordinary shares of the
Company
Crédit Agricole S.A., having received
all necessary supervisory approvals, announces today that it will
start a share repurchase program of up to 15,128,677 of Crédit
Agricole S.A.’s ordinary shares. The program shall start on
1st October 2024 and
end no later than 29 November 2024. Shares purchased under the
Program will be cancelled.
This transaction aims to offset the
dilutive effect of the 2024 capital increase reserved for
employees.
Crédit Agricole S.A. has given an irrevocable
instruction to an independent investment services provider (the
“Investment Services Provider”) in relation to the
purchase by the Investment Services Provider, during the period
commencing on 1st October 2024 and ending no later than
29 November 2024, of ordinary shares in the share capital of Crédit
Agricole S.A. (the “Shares”) up to 15,128,677
Shares.
Any purchase of Shares done in relation to this
announcement will be carried out on the regulated market of
Euronext Paris and Multilateral Trading Facilities where the Shares
are admitted to trading or traded and executed in accordance with
the price and volume conditions set out in the Commission Delegated
Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation
(EU) No 596/2014 of the European Parliament and of the Council with
regard to regulatory technical standards for the conditions
applicable to buyback programs and stabilization measures, and
Crédit Agricole S.A.’s general authority to make market purchases
of Shares pursuant to the 32nd resolution adopted by the
General Meeting of Crédit Agricole S.A. on 22 May 2024. Crédit
Agricole S.A. will announce any market repurchase of Shares
accordingly.
The existing liquidity agreement with Kepler
Cheuvreux will temporarily be suspended during the execution of the
share repurchase program.
The description of the share repurchase program,
set out in Section 8 (page 853) of Crédit Agricole S.A.’s Universal
Registration Document filed and registered with the Autorité des
marchés financiers on 22 March 2024 under number D.24-0156, as well
as the text of the 32nd resolution adopted by the
General Meeting of Crédit Agricole S.A. on 22 May 2024, are
available on Crédit Agricole S.A.’s website:
-
www.credit-agricole.com/en/finance/finance/financial-publications
and
-
www.credit-agricole.com/en/finance/finance/individual-shareholders/annual-general-meeting,
respectively.
CRÉDIT AGRICOLE S.A. PRESS CONTACT
Alexandre Barat : 01 57 72 12 19 –
alexandre.barat@credit-agricole-sa.fr
Olivier Tassain : 01 43 23 25 41 –
olivier.tassain@credit-agricole-sa.fr
Find our press release on: www.credit-agricole.com
- 2024 09 30 CP Crédit Agricole SA - SBB (EN)
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