Plouzané, June 14, 2024 – 6:00 p.m. –
Cabasse (Euronext Growth
®
Paris – FR001400DIY6 – ALCAB)
a French luxury high-fidelity audio company, announces the implementation of its share buyback program, in accordance with the delegation adopted by the General Meeting of June 23, 2023 in its 6
th
Resolution.
On April 22, 2024, the Board of Directors decided to partially implement the share buyback program. Thus, the Company purchased off-market on June 11, 2024 a block of 10,000 of its own shares, representing 0.48% of its share capital. These securities were acquired for a total of 18,200 euros, or €1.82 per share.
The Company will use the 10,000 shares thus acquired in accordance with one of the formalities provided for, namely the implementation of stock option plans, free share allocation plans, employee shareholding 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 corporate officers of the Company and companies linked to it.
Cabasse does not intend to continue block buybacks for the moment.
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