(CercleFinance.com) – Bic indicates that its board of directors has decided to reduce the capital by canceling 1,681,537 shares (i.e. 3.8% of the share capital) corresponding to the shares repurchased as part of the program implemented by May 2022 to May 2023.
The cancellation of these treasury shares will take place on December 15. Following this operation, the share capital of the manufacturer of pens, razors and disposable lighters will be made up of 42,270,689 shares.
Société MBD and the Bich family concert have consequently crossed various thresholds of capital and voting rights, and as such have requested and obtained an exemption from the obligation to file a mandatory public offer for the company.