AI assistant
Nexans Capital/Financing Update 2021
1549_rns_2021-05-03_32a945bb-c5f6-4a56-873f-fce33909d0b9.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
PRESS RELEASE _
IMPLEMENTATION OF A LIQUIDITY CONTRACT WITH NATIXIS ODDO BHF
Paris La Défense, May 3 rd 2021 – NEXANS (ISIN code: FR0000044448, NEX), a global player in energy transition, announces having appointed ODDO BHF SCA and NATIXIS to implement a liquidity contract, starting on May 3 rd , 2021, for a period of one year tacitly renewable.
This contract complies with the decision of the Autorité des marchés financiers (AMF) n°2018-01 of July 2, 2018 related to the establishing of liquidity contracts on shares as accepted market practice and the standard contract of the Association française des marchés financiers (AMAFI).
This contract with NATIXIS ODDO BHF aims at improving Company's shares trading on the regulated market of Euronext Paris.
The following resources have been allocated to the liquidity account:
• Six millions euros (6 millions euros)
The execution of the liquidity contract may be suspended upon occurrence of the following events or conditions:
- when all conditions provided in Article 5 of the AMF Decision n°2018-01 July 2, 2018 are met;
- if the share is listed outside the thresholds authorized by the Company's Shareholders' Meeting;
- upon the Company request.
The liquidity contract may be terminated at any time and without prior notice by NEXANS, at any time by NATIXIS and/or ODDO BHF SCA subject to fifteen (15) calendar days' notice.
About Nexans
Nexans is a global player in energy transition. Our purpose: electrify the future. For over a century, Nexans has played a crucial role in the electrification of the planet. With around 25,000 people in 38 countries, the Group is leading the charge to the new world of electrification: safer, sustainable, renewable, decarbonized and accessible to everyone. In 2020, Nexans generated 5.7 billion euros in standard sales.
The Group designs solutions and services along the entire value chain in three main business areas: Building & Territories (including utilities and emobility), High Voltage & Projects (covering offshore wind farms, subsea interconnections, land high voltage), and Industry & Solutions (including renewables, transportation, oil and gas, automation, and others).
Corporate Social Responsibility is a guiding principle of Nexans' business activities and internal practices. As a signatory of the Global Compact since 2008, Nexans is committed to contribute to a responsible global economy and strives to promote the ten principles defined by the UN to all its stakeholders. The Group pledged to contribute to carbon neutrality by 2030 and was the first cable provider to create a Foundation supporting sustainable initiatives bringing access to energy to disadvantaged communities worldwide.
Nexans' commitment to developing ethical, sustainable and high-quality cables also drives its active involvement within leading industry associations, including Europacable, the NEMA, ICF and CIGRE.
Nexans is listed on Euronext Paris, compartment A. For more information, please visit www.nexans.com Contacts:
Financial communication Aurélia Baudey-Vignaud Tel.: +33 (0)1 78 15 03 94 [email protected]
Elodie Robbe-Mouillot Tel.: +33 (0)1 78 15 03 87 [email protected]
Communication
Catherine Garipoglu Tel.: +33 (0)1 78 15 04 78 [email protected]
Minaa El Baz Tel.: +33 (0)1 78 15 04 65 minaa.el\[email protected]
