Transaction in Own Shares • May 24, 2013
Transaction in Own Shares
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Cancellation of treasury shares
The Board of Parrot, on its meeting of May 15, 2013, in accordance with the tenth resolution of the Extraordinary General Meeting held on June 6, 2012, has decided to cancel 200,000 treasury shares, i.e. 1.56% of the capital. The capital reduction was effective on May 15, 2013.
After this capital reduction, the share capital was reduced of 30,480 euros to 1,924,773.02 euros divided into 12,625,560 shares.
As of May 15, 2013, Parrot still holds 521,383 shares, representing 4.13% of the ownership in treasury stock.
Parrot, a global leader in wireless devices for mobile phones, stands on the cutting edge of innovation. The company was founded in 1994 by Henri Seydoux as part of his determination to drive the inevitable breakthrough of mobile phones into everyday life by creating high-quality, user-friendly wireless devices for easy living.
Parrot has developed the most extensive range of hands-free systems on the market for cars. Its globally recognized expertise in the fields of mobile connectivity and multimedia around Smartphones has positioned Parrot as a key player of in-car infotainment.
Additionally, Parrot designs and markets a prestigious line of high-end wireless multimedia products in collaboration with some of the world's most renowned designers. Finally, Parrot is expanding on the UAV market with the Parrot AR.Drone, the first quadricopter piloted via Wi-Fi and using augmented reality with new solutions for professional use.
Parrot, headquartered in Paris, currently employs more than 700 people worldwide and generates the majority of its sales overseas. Parrot is listed on NYSE Euronext Paris since 2006. (FR0004038263 – PARRO)
More information: www.parrot.com / www.ardrone.com / www.parrotoem.com
Analyst and investor relations, financial media: Marie Ein - T.: +33(0) 1 48 03 60 60 - [email protected]
Technology and other media
Vanessa Loury T.: +33(0) 1 48 03 60 60 - [email protected]
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