CABASSE: Description of the share buyback program – 06/14/2024 at 6:00 p.m.

Plouzané, June 14, 2024 – 6:00 p.m. –

Cabasse (Euronext Growth

®

Paris – FR001400DIY6 – ALCAB)

a French luxury high-fidelity audio company, informs that in accordance with the provisions of articles 241-2 et seq. of the General Regulations of the Financial Markets Authority, the purpose of this description is to describe the objectives and terms of the repurchase, by Cabasse (the “Company”), of its own shares, authorized by the Combined General Meeting of June 23, 2023 and implemented by the Board of Directors.

Distribution by objectives of equity securities held as of DECEMBER 31, 2023

It is recalled that the Combined General Meeting of June 23, 2023 authorized the Board of Directors, for a period of eighteen months from said meeting, and within the limit of 10% of the share capital, to operate on the shares of the Company (sixth resolution).

The maximum purchase price was set by this Meeting at €28 per share and the maximum amount that the Company was likely to pay for the acquisition of said shares at €1,500,000.

As of December 31, 2023, the Company held 3,524 ordinary shares with a par value of 0.50 euros (the “

Actions

), or 0.17% of its share capital.

The distribution by objectives of Shares held as of December 31, 2023 was as follows:

The Company has not used derivatives as part of the share buyback program.

TERMS AND CONDITIONS OF THE NEW SHARE BUYBACK PROGRAM

The General Meeting of Shareholders of the Company authorized, on June 23, 2023, in its sixth resolution, for a period of eighteen months from said meeting, the Board of Directors of the Company to intervene in the shares of the Company, in accordance with article L.22-10-62 of the Commercial Code, as part of a share buyback program whose main characteristics are described below:

1. Maximum share of capital likely to be acquired and maximum acquisition amount
   

The Company is authorized to acquire its own shares within the limit of 10% of the shares making up the share capital, i.e. a maximum amount of 208,301 shares based on the current share capital, it being specified (i) that a maximum amount of 5% of the shares making up the share capital of the Company may be allocated with a view to their conservation and their subsequent delivery in payment or in exchange within the framework of a merger, demerger or contribution operation, and (ii) that in the event of acquisition under a liquidity contract, the number of shares taken into account for the calculation of the limit of 10% of the amount of share capital mentioned above corresponds to the number of shares purchased less the number of shares resold during the duration of the authorization.

The Company’s shares are ordinary shares, all of the same category, listed on Euronext Growth Paris (ISIN code FR001400DIY6).

The maximum purchase price of each share is set at €28. In the event of operations on the capital, in particular by incorporation of reserves and/or division or regrouping of shares, this price will be adjusted by a multiplier coefficient equal to the ratio between the number of securities making up the share capital before the operation and this number after the operation.

The Company intends to be able to use the entire buyback program and undertakes not to exceed, at any time, directly or indirectly, this threshold of 10%.

The acquisition of shares in the Company may not have the effect of reducing the shareholders’ equity of the Company to an amount lower than that of the capital increased by non-distributable reserves. In addition, pursuant to article L.225-210 of the Commercial Code, the Company must have free reserves, other than the legal reserve, of an amount at least equal to the value of all the shares held. ‘she will own.

The Combined General Meeting of June 23, 2023 limited the amount devoted to the repurchase of its own shares to an amount of €1,500,000.

The Board of Directors on April 22, 2024 implemented the sixth resolution voted at the Combined General Meeting of June 23, 2023 and authorized the repurchase of a maximum of 10% of its share capital.

Furthermore, the Company undertakes to:

• remain permanently within the direct or indirect holding limit of 10% of the share capital, in accordance with the provisions of article L.225-210 of the Commercial Code; and to
  

• maintain sufficient free float which respects the thresholds as defined by Euronext Growth.
  

2 Terms of redemptions and sales

These purchase, sale, exchange or transfer operations may be carried out by any means, that is to say on the market or over the counter. These operations may take place at any time, in compliance with the regulations in force, including during a public offer period, subject to the legal and regulatory provisions in force.

3 Maximum portion of the program carried out through the acquisition of blocks of securities

The maximum portion of the buyback program that can be carried out through the acquisition or sale of blocks of securities may reach the entire authorized share buyback program.

4 Duration and timing of the buyback program

These purchases of shares can only be made for a maximum period of 18 months from the date of the General Meeting which authorized the repurchase of shares, i.e. until December 22, 2024, midnight.

Pursuant to article L.22-10-62 of the Commercial Code, the Company undertakes not to cancel shares repurchased beyond the limit of 10% of the capital (adjusted according to possible transactions on affecting subsequent to the Combined General Meeting of June 23, 2023) for periods of 24 months.

OBJECTIVES OF THE SHARE BUYBACK PROGRAM

The objectives of this repurchase program are set in accordance with the provisions of European Regulation No. 596/2014 of April 16, 2014, in force at the time of the vote by the meeting of the sixth resolution, and market practices accepted by the AMF. These objectives are as follows:

• the implementation of stock purchase or subscription option plans, free share allocation plans, employee shareholding operations reserved for members of a company savings plan, in accordance with the legal provisions in force, or allocation of shares for the benefit of employees and/or executive directors of the Company and companies linked to it;

• the delivery of shares upon the exercise of rights attached to securities giving access to the Company’s capital;

• their use in the context of any operation to hedge the Company’s commitments under financial instruments relating in particular to changes in the price of the Company’s shares;

• the retention of shares and their subsequent delivery in payment or exchange in the context of possible external growth, merger, split or contribution operations;

• the total or partial cancellation of shares by reducing the share capital (in particular with a view to optimizing cash management, profitability of equity or earnings per share);

• the animation of the stock market within the framework of a liquidity contract concluded with an investment service provider, in accordance with the Charter of Ethics recognized by the Financial Markets Authority;

• the implementation of any market practice that may be authorized by the AMF and, more generally, the carrying out of all operations in accordance with the legal and regulatory provisions in force.

LEGAL FRAMEWORK

The implementation of this share buyback program, which falls within the framework of article L.22-10-62 of the Commercial Code and the provisions of European Regulation n°596/2014 of April 16, 2014 , was submitted for approval to the Combined General Meeting of the Company on June 23, 2023 (sixth resolution).

This publication and the resolutions of the Combined General Meeting of June 23, 2023 are available on the Company’s website:

https://www.cabasse-bourse.com/

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