EURAZEO_REGISTRATION_DOCUMENT_2017
6
INFORMATION ON THE COMPANY AND THE SHARE CAPITAL Transactions in the Company’s shares
Transactions in the Company’s shares 6.5
6.5.1
2017 SHARE BUYBACK PROGRAM
Buyback of shares for cancellation a) Eurazeo bought back 1,340,596 shares at an average price of €58.25 per share and a total cost of €78,095,857.18 during fiscal year 2017. Of these shares, 1,245,300 were purchased at an average price of €58.00 per share and a total cost of €72,225,521.22 pursuant to the authorization granted by the 12 th resolution adopted by the Shareholders’ Meeting of May 12, 2016. A further 95,296 shares were purchased at an average price of €61.60 per share and a total cost of €5,870,335.96 pursuant to the authorization granted by the 13 th resolution adopted by the Shareholders’ Meeting of May 11, 2017. for market-making purposes During fiscal year 2017, a total of 435,097 shares at an average price of €68.58 per share and a total cost of €29,840,149.32 were purchased by Kepler Cheuvreux acting on behalf of Eurazeo under a liquidity contract for market-making purposes. Of these shares, 111,356 were purchased at an average price of €59.69 per share and a total cost of €6,646,318.53 pursuant to the authorization granted by the 12 th resolution adopted by the Shareholders’ Meeting of May 12, 2016. A further 323,741 shares were purchased at an average price of €71.64 per share and a total cost of €23,193,830.79 pursuant to the authorization granted by the 13 th resolution adopted by the Shareholders’ Meeting of May 11, 2017. and corporate officers During fiscal year 2017, Eurazeo bought back 447,400 shares at an average price of €58.20 per share and a total cost of €26,038,680.00 for grant to holders of share purchase options or as free shares pursuant to the authorization granted by the 12 th resolution adopted by the Shareholders’ Meeting of May 12, 2016. Eurazeo did not buy back any of its own shares for grant to holders of share purchase options or as free shares pursuant to the authorization granted by the 13 th resolution adopted by the Shareholders’ Meeting of May 11, 2017. Buyback of shares under a liquidity contract b) Buyback of shares for grant to employees c)
A.
Description of the 2017 share
buyback program Legal framework
a) The 13 th resolution of the Shareholders’ Meeting of May 11, 2017 authorized Eurazeo’s Executive Board to launch a share buyback program (hereinafter referred to as the “Buyback Program”) in accordance with Article L. 225-209 of the French Commercial Code. During fiscal year 2017, the Executive Board of Eurazeo implemented this Buyback Program to purchase shares. Details of these transactions are set out below. b) The Buyback Program was authorized for a period of 18 months from the Shareholders’ Meeting until November 10, 2018. The maximum purchase price authorized was €100 per share and the Board was granted authorization to buy a number of shares equivalent to a maximum of 10% of Eurazeo’s share capital on the date of such purchases. In accordance with applicable regulations and stock exchange practices approved by the French Financial Markets Authority (AMF), the Buyback Program was established with a view to: canceling shares, in accordance with the authorization granted to • the Executive Board at the Extraordinary Shareholders’ Meeting; market-making in the Company’s shares under a liquidity contract • with an independent investment service provider, in accordance with the French Financial Markets Authority’s Code of Ethics; granting shares to employees and corporate officers of the • Company and/or of companies either related to Eurazeo or which will be related to it in the future, as allowed by law, particularly with respect to exercising share purchase options, granting free shares or profit sharing; remitting or exchanging shares when the rights attached to debt • instruments that entitle holders to receive Eurazeo shares are exercised; undertaking any other transaction approved or recognized by the • law and/or the French Financial Markets Authority (AMF) and any goals consistent with prevailing regulations. The 17 th resolution of the Shareholder’s Meeting of May 11, 2017 authorized the Executive Board, for a period of twenty-six months from the date of the Shareholders’ Meeting, to decrease the share capital, in one or more transactions, by cancelling some or all of the shares purchased under the Company’s share buyback program, up to a maximum of 10% of the share capital by 24-month period. Details of the Buyback Program
Buyback of shares for remittance or exchange when rights attached to debt instruments are exercised
d)
During fiscal year 2017, Eurazeo did not purchase any of its own shares for remittance or exchange when rights attached to debt instruments are exercised.
Buyback of shares for retention
e)
and use in future acquisitions During fiscal year 2017, Eurazeo did not purchase any of its own shares for retention and use in future acquisitions.
B.
Buyback of shares by Eurazeo
during fiscal year 2017 Eurazeo bought back 2,223,093 shares at an average price of €60.26 per share and a total cost of €133,974,686.50 during fiscal year 2017 as follows:
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2017 Registration document
Eurazeo
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