(Boursier.com) — As part of the share buyback program announced by the company Bic on February 14, 2023 and implemented upon authorization of the General Meetings of May 18, 2022 and May 16, 2023, the company acquired 1,681,537 shares for a total amount of 100 million euros.
The Board of Directors, meeting today, decided to reduce the capital of the Company by canceling 1,681,537 treasury shares (representing 3.8% of the Company’s share capital) corresponding to the BIC shares repurchased by the Company under the aforementioned share repurchase program. The Board of Directors gives delegation to the General Manager or any other person responsible for implementation to take all necessary measures to carry out said capital reduction. The cancellation of the shares will take effect automatically on December 14, 2023.
Following this cancellation, the share capital of Société BIC will be composed of 42,270,689 shares.
Société MBD and the Bich family concert have consequently crossed different thresholds of the capital and voting rights of the Company as indicated in the declaration published by the AMF on November 16, 2023 (D&I 223C1855).
Société MBD and the Bich family concert have therefore requested and obtained an exemption from the obligation to file a mandatory public offer for the Company in accordance with the provisions of articles 234-8, 234-9, 6o and 234-10 of the Regulations. General of the Financial Markets Authority (AMF) (D&I 223C1855 of November 16, 2023).
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