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Vergnet S.A. — Director's Dealing 2016
Apr 15, 2016
1744_iss_2016-04-15_bee9824e-4162-4d15-9aab-9b1579ed8440.pdf
Director's Dealing
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Set-up of a trading plan contract between Nass&Wind and brokerage firm Portzamparc to sell Vergnet shares
Ormes, 14 April 2016
Vergnet SA has been informed that, on 6 April 2016, Nass&Wind (a former member of Vergnet's Supervisory Board until 29 February 2016) agreed on a trading plan mandate with brokerage firm Portzamparc.
This trading plan mandate, for a maximum period of one year, covers the sale of up to 2,000,000 Vergnet shares, which represent approximately 9.6% of Vergnet SA's capital.
The main characteristics of this mandate are:
- Execution that can only begin as of 7 July 2016;
- A minimum sale price that cannot be lower than the day's opening share price minus a 2% discount.
Portzamparc will declare all corporate actions to the AMF and Vergnet by the business day after the trading session during which the shares are sold, in accordance with regulations.
These transactions will allow Vergnet SA to diversify its shareholder base and increase its freefloat, thereby increasing the liquidity of its shares.
As of 30 March 2016, Nass&Wind owned 20.53% of the company's capital and 20.53% of the voting rights.
Upcoming events
24 May 2016: Annual General Meeting
About Vergnet SA
The Vergnet Group specialises in generating renewable energy from wind, solar and hybrid sources. On the strength of these unique technologies, the group developed the Hybrid Wizard, a hybrid system that coordinates, in real time, the percentage of renewable energies that can be sent to the electricity grid while ensuring the operational safety and security of insular or isolated networks. The group has installed more than 900 wind turbines.
It operates in over 40 countries and has 166 employees in ten offices. Vergnet has been listed on Alternext since 12 June 2007.
Contacts
Vergnet Group Actifin
Henri-Luc Julienne Ghislaine Gasparetto [email protected] [email protected]
Corporate Secretary Analyst and investor relations Tel: +33 (0)2 38 52 59 92 Tel: +33 (0)1 56 88 11 11