CREDIT AGRICOLE SA: Following the full completion of its first share repurchase program for 558.6 million euros, Crédit Agricole S.A. launches a new share repurchase program for 500 million euros
04 Octubre 2021 - 10:45AM
CREDIT AGRICOLE SA: Following the full completion of its first
share repurchase program for 558.6 million euros, Crédit Agricole
S.A. launches a new share repurchase program for 500 million euros
Montrouge, 4 october 2021
Following the full completion of its
first share repurchase program for 558.6 million euros, Crédit
Agricole S.A. launches a new share repurchase
program for 500 million euros
Crédit Agricole S.A., having received
all necessary supervisory approvals, confirms today that it will
start a new share repurchase program of Crédit
Agricole S.A.’s shares for a maximum consideration of
500 million euros. This program shall start on 5 October
2021 and end no later than 28 January
2022. Shares
purchased under this new program will
also be cancelled.
Crédit Agricole S.A. has given an irrevocable
instruction to an independent investment services provider (the
“Investment Services Provider”) in relation to the
purchase by the Investment Services Provider, during the period
commencing on 5 October 2021 and ending no later than 28 January
2022, of shares in the share capital of Crédit Agricole S.A. (the
“Shares”) for an aggregate purchase price of no
greater than 500 million euros.
Any purchase of Shares done in relation to this
announcement will be carried out on the regulated market of
Euronext Paris and Multilateral Trading Facilities where the Shares
are admitted to trading or traded. The purchases will be executed
in accordance with the price and volume conditions set out in the
Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016
supplementing Regulation (EU) No 596/2014 of the European
Parliament and of the Council with regard to regulatory technical
standards for the conditions applicable to buyback programmes and
stabilisation measures, and with Crédit Agricole S.A.’s general
authority to make market purchases of shares pursuant to the 29th
resolution adopted by the general meeting of Crédit Agricole S.A.
on 12 May 2021. Crédit Agricole S.A. will announce any market
repurchase of Shares accordingly.
The existing liquidity agreement with Kepler
Cheuvreux remains temporarily suspended during the execution of
this share repurchase program.
The description of the share repurchase program,
set out in Section 1 (page 38) of Crédit Agricole S.A.’s Universal
Registration Document filed and registered with the Autorité des
marchés financiers on 24 March 2021 under number D.21-0184, as
well as the text of the 29th resolution adopted by the general
meeting of Crédit Agricole S.A. on 12 May 2021, are available on
Crédit Agricole S.A.’s website:
-
https://www.credit-agricole.com/en/finance/finance/financial-publications
and
-
https://www.credit-agricole.com/en/finance/finance/individual-shareholders/annual-general-meeting,
respectively.
This announcement does not constitute,
or form part of, an offer or any solicitation of an offer for
securities in any jurisdiction.
CONTACT PRESSE CRÉDIT AGRICOLE
Charlotte de Chavagnac : 01 57 72 11 17 -
charlotte.dechavagnac@credit-agricole-sa.fr
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