CABASSE: Implementation of a liquidity contract with the brokerage firm Gilbert Dupont – 2022/11/25 at 6:30 pm

Plouzané, November 25, 2022 – 6:30 p.m. –

Cabasse (Euronext Growth® Paris – FR001400DIY6 – ALCAB)

a French luxury high-fidelity audio company, announces that it has entered into a liquidity contract on November 23, 2022 with the brokerage firm Gilbert Dupont in accordance with the AMAFI charter, which will take effect on November 28, 2022.

This liquidity contract was entered into in accordance with the decision of the Autorité des marchés financiers

n°2021-01 of June 22, 2021, applicable since 1

^er

July 2021, introducing liquidity contracts on equity securities as an accepted market practice

[1]

.

For the implementation of the contract entered into with Gilbert Dupont, the following resources have been allocated to the liquidity account:

ABOUT CABASSE

Created by Georges Cabasse in 1950, Cabasse is a French specialist in acoustics which designs and markets

high-fidelity audio solutions (connected and passive speakers, amplifiers, etc.) for music enthusiasts. Equipped with the famous coaxial speakers, these luxury audio solutions allow sound reproduction and

unequaled music.

The culmination of more than 70 years of innovation and acoustic engineering, Cabasse has launched the THE PEARL range since 2018, the most comprehensive collection of high-resolution connected active speakers on the global audio market.

Luxury Home Audio

. With the success of this range, Cabasse has now entered a phase of strong growth, with sales rising from €6.3 million in 2019 to €11.0 million in 2021, representing average annual growth in activity by +32% over the last two years.

Since 2014, Cabasse has been owned by Cabasse Group (Euronext Growth – FR0013530102 – ALCG), a leading European group in the world of Smart Home (intelligent home), pioneer of multi-room and streaming technologies.

More information on Cabasse.com.

^[1]

The situations or conditions leading to the suspension or termination of the liquidity contract, mentioned in the liquidity contract, are as follows:

• suspension of the contract:

  • under the conditions referred to in Article 5 of the aforementioned AMF decision;

  • at the initiative of the issuer in certain situations and in particular if the issuer no longer has authorization to buy back its own shares.

• termination of the contract :

  • by the issuer, at any time, without notice and without any compensation;

  • by the facilitator, with 30 days notice;

  • the contract is automatically terminated when the parties cannot, in the situation provided for in Article 10 (balance of the liquidity account), agree on the follow-up to be given to the contract;

  • by the facilitator when the Liquidity Provider contract which binds the facilitator to Euronext Paris is terminated.

© Copyright Actusnews Wire

Receive the company’s next press releases free of charge by email by subscribing to www.actusnews.com