AI Terminal
Kaufman & Broad SA
Transaction in Own Shares • May 6, 2024
1458_rns_2024-05-06_cdca0ad6-e06b-4867-be4a-e3f3267fc430.pdf
Transaction in Own Shares
Open in ViewerOpens in native device viewer
Press release Press release Paris, 2023, May 6th
DESCRIPTION OF THE SHARE REPURCHASE PROGRAM
1) Result of the previous plan
Declaration of the operations realized on treasury shares from 2023, May 4th, until 2024 May 6th, (covering the period which starting on the day following the assessment of the previous program was established and ending on 2024, May 6th):
| Percentage of treasury shares in the capital owned directly and indirectly (1) | 1.92% |
|---|---|
| Number of stocks cancelled in the last 24 months (2) | 1,751,000 |
| Number of shares owned in portfolio (1) | 382,197 |
| Accounting value of the portfolio (1) | €9,606,146 |
| Market value of the portfolio (1) | €11,886,327 |
| Amounted gross flow (3) | Positions opened the day of the description of the repurchase program |
|||||
|---|---|---|---|---|---|---|
| Buy positions | Sales positions | |||||
| Buy | Sales / Transfer |
Call option bought |
Futures | Put option sold |
Forward sale |
|
| Number of shares | 264,695 | 266,895 | ||||
| Average maximum maturity |
||||||
| Average transaction price (3) |
27.592 | 27.684 | ||||
| Cash transaction | ||||||
| Amounts | 7,303,352 | 7,338,790 |
(1) On May 6th, 2024 (market close on May 3rd, 2024)
(2) In the last 24 months prior to May 6th, 2024
(3) Covering the period which starting on the day following the assessment of the previous program was established and ending on May 3rd,2024. It concerns transaction made as part of block transactions or liquidity contract.
2) Allocation by objectives of shares owned the day of the publication of the hereby document:
Number of treasury shares owned directly and indirectly: 382,197 representing 1.92 % of the company capital.
Number of shares owned by objective:
- Animation of the stock through a liquidity contract AMAFI : 200
- External growth operations: 0
- Covering option plan for stock or other employees 'shareholding system: 381,997
- Coverage of securities giving right to share attribution: 0
- Cancellation: 0
3) New share repurchase program:
- Program Authority: Shareholders 'Meeting on May 6th, 2024
- Securities covered: Ordinary shares
- Maximum proportion of the share capital authorised for buyback: 10 % currently equivalent to 1,986,202 shares. Considering the number of shares already held and amounting to 382,197 (1.92 % of the share capital), the maximum number of additional shares that can be bought will be 1,604,005 shares (8.08 % of the share capital) unless the Company sells or cancels the shares already held.
- Maximum purchase price: €50
- Objectives in decreasing order of priority:
- ✓ Stimulate the market or the liquidity of the Company's shares through an investment service provider under a liquidity agreement that complies with the AMAFI Ethics Charter recognized by the AMF,
- ✓ Acquire shares to be held and subsequently delivered in payment or exchanged as part of corporate acquisition transactions,
- ✓ Award or transfer stock to employees and/or corporate officers (on the terms and in the manner provided for by law) in particular as part of a stock option plan, a bonus share award plan or a company savings plan,
- ✓ Award stock by the delivery of shares when exercising the rights attached to securities giving the right via redemption, conversion, exchange or presentation of a warrant, or in any other way, to an allocation of the Company's stock,
- ✓ Potentially cancel the shares acquired, under the conditions of the authorization granted by the Shareholder's Meeting.
- Program duration: 18 months as from the Shareholders 'Meeting of May 6th, 2024, until November the 6th, 2025.
This press release is available at www.kaufmanbroad.fr
Contacts
Chief Financial Officer Bruno Coche -01 41 43 44 73/[email protected] Press relations Primatice : Thomas de Climens -06 78 12 97 95/[email protected] Kaufman & Broad : Emmeline Cacitti -06 72 42 66 24/[email protected]
About KAUFMAN & BROAD
For more than 55 years, KAUFMAN & BROAD has been designing, developing, building and selling apartments, single-family homes in communities, managed housing, retail areas, business spaces and offices buildings.
As a designer and a true urban builder alongside regional authorities to develop new neighbourhoods and major urban projects, KAUFMAN & BROAD is one of the first French Developers-Builders by the combination of its size, profitability and the strength of its brand.
Let us create a more virtuous city together.
For more information : www.kaufmanbroad.fr
Kaufman & Broad's Universal Registration Document was filed on March 28, 2024 with the Autorité des marchésfinanciers (the "AMF") under number D.24-0211. It is available on the websites of the AMF (www.amf-france.org) and Kaufman & Broad (www.kaufmanbroad.fr). It contains a detailed description of Kaufman & Broad's business, results and outlook as well as the associated risk factors. In particular, Kaufman & Broad draws attention to the risk factors described in Chapter 4 of the Universal Registration Document. The occurrence of one or more of these risks may have a material adverse effect on the business, assets, financial condition, results or prospects of the Kaufman & Broad Group, as well as on the market price of Kaufman & Broad shares.
