Transaction in Own Shares • Nov 7, 2017
Transaction in Own Shares
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Paris - La Défense, 7 November 2017.
On 3 November 2017, the Autorité des marchés financiers ("AMF") published a statement announcing that a total of 13,541,704 shares had been tendered by shareholders during the public share buyback offer open from 27 September until 27 October 2017.
Euronext has applied the rule of Article R. 225-155 of the French Commercial Code ("Code de commerce") to reduce the total number of shares acquired to the maximum of 10 million shares under offer by Netgem. Consequently, Netgem has acquired 10 million of its own shares for a total consideration of 25 million euros, representing 24.18% of its capital (based on a total of 41,360,384 shares representing 55,403,774 voting rights as published as at 31 October 2017).
On 7 November 2017, Euronext has started processing the delivery and payment of the shares tendered to the offer.
At its meeting on 7 November 2017, the Board of Directors decided to reduce the capital of Netgem by cancelling the above 10 million shares acquired through the public offer and 1,695,717 treasury shares, a total of 11.695.717 shares altogether. As a consequence, the share capital of Netgem will amount to €5.932.933,40 divided into 29,664,667 shares. Based on current information regarding shares held nominatively, the total number of voting rights would amount to 44,791,472.
In accordance with their announced intentions, the founding shareholders contributed a total of 8 million shares to the offer. As a result, they will hold 20.8% of the capital and 23.4% of the voting rights for J2H, and 7.4% of the capital and 9.8% of the voting rights for Fast Forward.
Annual shareholders' meeting: May 3, 2018
Revenue and gross profit for Q4'2017: January 18, 2018, before market opening - Results 2017 March 9, 2018 before market opening - Revenue and results for H1 2018: August 3, 2018, before market opening - Revenue and gross profit for Q3'2018: October 18, 2018, before market opening
Netgem is the publisher of Diamond, a software platform for next generation entertainment and connected home services, and a solutions providers to the telecoms industry. Diamond is available under license for service operators, content providers and device manufacturers looking to benefit from the OTT digital transformation of the TV, video and audio industries, or as part of end-to-end solutions to the telecoms industry. Netgem extensive experience and technological assets in software, user experience and security, combined with its global partnerships in content and device manufacturing make it a unique one-stop outsourcing partner for telecom service providers seeking to increase revenue and build loyalty on an existing consumer base. Through its customers, Netgem solutions address several million households in more than 20 countries. Netgem is long term driven by innovation, simplicity, privacy, affordability and operational excellence. Netgem is listed on Euronext Paris Compartment C (ISIN: FR0004154060, Reuters: ETGM.PA, Bloomberg: NTG:FP) www.netgem.com
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