QUADIENT: Signing of a contract with an investment service provider to execute the share buyback program
September 30 2024 - 6:00AM
UK Regulatory
QUADIENT: Signing of a contract with an investment service provider
to execute the share buyback program
Signing of a contract with an investment
service provider to execute the share buyback program
Paris, 30 September 2024
Quadient S.A. (Euronext Paris:
QDT), a global automation platform powering secure and sustainable
business connections, today announces the signing of a share
buyback contract with an investment services provider to execute
its share buyback program announced Monday 23
September1.
Under the terms of this contract, Quadient
mandates the investment service provider to acquire shares on the
market and on its behalf for up to €30 million (total purchase
price excluding ancillary costs) over a period of up to 18
months2.
The share buyback program will be carried out
under the authorization granted by the 2024 Annual General Meeting
of shareholders held on 14 June 2024, and may be renewed or
extended, up to a maximum of 10% of the total number of shares
comprising the share capital of the Company as set out in the
19th resolution of the 2024 Annual General Meeting.
Quadient intends to cancel the shares acquired through the share
buyback program apart from a portion of up to €10
million, which will be dedicated to future equity-based long
term incentive plans for employees and management, as set out in
the 19th resolution of the 2024 Annual General
Meeting.
The buybacks will be carried out subject to
market conditions and in compliance with applicable rules and
regulations, including the Market Abuse Regulation 596/2014 and the
European Commission Delegated Regulation (EU) 2016/1052. Quadient
hereby confirms the absence of any agreement with any of its
existing shareholders regarding their potential participation in
the share buyback program.
About Quadient®
Quadient is a global
automation platform provider powering secure and sustainable
business connections through digital and physical channels.
Quadient supports businesses of all sizes in their digital
transformation and growth journey, unlocking operational efficiency
and creating meaningful customer experiences. Listed in
compartment B of Euronext Paris (QDT) and part of the CAC® Mid
& Small and EnterNext® Tech 40 indices, Quadient shares
are eligible for PEA-PME investing.
For more information about Quadient, visit
https://invest.quadient.com/en/
Contacts
Catherine Hubert-Dorel, Quadient
+33 (0)1 45 36 30 56
c.hubert-dorel@quadient.com
financial-communication@quadient.com |
OPRG Financial
Isabelle Laurent / Fabrice Baron
+33 (0)6 42 37 54 17 /+33 (0)6 14 08 29 81
isabelle.laurent@omnicomprgroup.com
fabrice.baron@ omnicomprgroup.com |
Caroline Baude, Quadient
+33 (0)1 45 36 31 82
c.baude@quadient.com |
|
1 Press release announcing the
share buyback program can be found here
2 Subject to the renewal of the
share buyback authorizations at the 2025 AGM
- 2024 contract Share Buyback
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