Believe: Half-year financial statement liquidity contract - H1 2024
02 Luglio 2024 - 6:15PM
Believe: Half-year financial statement liquidity contract - H1 2024
Half-year financial statement liquidity
contract
Paris, July 2, 2024 – Believe,
one of the world’s leading digital music companies, appointed
Natixis and Oddo BHF SCA to implement a liquidity contract,
starting on July 13, 2021, for a period of one year tacitly
renewable (hereafter “Liquidity Contract”) in
accordance with the provisions of the French Financial Markets
Authority’s decision n° 2021-01 of 22 June 2021, renewing the
establishment of liquidity contracts as an accepted market
practice.
Believe informs the public of the implementation
of the Liquidity Contract for the second half of 2023:
- Resources available
on December 31, 2023: 3,571 shares and € 488,198
- Number of executions
on buy side on semester: 293
- Number of executions
on sell side on semester: 340
- Traded volume on buy
side on semester: 51,601 shares and € 538,334
- Traded volume on
sell side on semester: 66,340 shares and € 701,118
As a reminder, the following resources appeared
on the liquidity account upon implementation of the Liquidity
Contract:
The liquidity contract was suspended on February
12, 2024 due to the pre-offer context. Following the simplified
public tender offer initiated by Upbeat Bidco, the consortium
composed of funds managed by TCV, EQT X and Denis Ladegaillerie
holds 96% of the share capital and at least 94% of the voting
rights upon the date of this release. Believe decided to terminate
the liquidity contract due to limited capabilities to animate the
stock trading as the free float only represents 4% of the share
capital.
Upon termination of the contract, the available
resources at the end of June 2024, which are presented above, have
been returned to the Company.
About Believe
Believe is one of the world’s leading digital
music companies. Believe’s mission is to develop independent
artists and labels in the digital world by providing them the
solutions they need to grow their audience at each stage of their
career and development. Believe’s passionate team of digital music
experts around the world leverages the Group’s global technology
platform to advise artists and labels, distribute and promote their
music. Its 1,720 employees in more than 50 countries aim to support
independent artists and labels with a unique digital expertise,
respect, fairness and transparency. Believe offers its various
solutions through a portfolio of brands including Believe,
TuneCore, Nuclear Blast, Naïve, Groove Attack, AllPoints, Ishtar
and Byond. Believe is listed on compartment B of the regulated
market of Euronext Paris (Ticker: BLV, ISIN: FR0014003FE9).
www.believe.com
CONTACTS
Contact Relations InvestisseursEmilie Megel,
emilie.megel@believe.com, +33 6 07 09 98 60 (portable)
- Half year statement_Liquidity contract_Believe_02.07.2024
Grafico Azioni Believe (EU:BLV)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni Believe (EU:BLV)
Storico
Da Nov 2023 a Nov 2024
