CBO TERRITORIA: CBo Territoria: DESCRIPTION OF THE SHARE BUYBACK PROGRAM – 06/08/2023 at 08:45

CBo TERRITORIA

Public limited company with capital of €48,242,560.08

Head office: Cour de l’Usine, BP 105, La Mare – 97438 Sainte-Marie (Reunion Island)

452 038 805 RCS Saint-Denis

Sainte-Marie (Reunion Island), June 8, 2023 at 10:45 a.m.

DESCRIPTION OF THE SHARE BUYBACK PROGRAM

In accordance with the provisions of Article 5 of Regulation 596/2014, Article 2 of Delegated Regulation 2016/1052 and Article 241-2 of the AMF General Regulation, the purpose of this description is to describe the purposes and terms of the program to buy back its own shares by the company. This program was authorized by the General Meeting of June 7, 2023 within the framework of the fourteenth resolution according to the terms which appear in the prior notice published in BALO n°53 of May 3, 2023 and which has the following characteristics:

• Titles concerned
  
  : ordinary actions

• Maximum share of capital whose redemption is authorized
  
  : 10% of the number of shares making up the capital on the day of the General Meeting, it being specified that this limit is assessed on the date of redemptions in order to take into account any capital increase or reduction operations that may take place during the duration of the program. The number of shares taken into account for the calculation of this limit corresponds to the number of shares purchased, less the number of shares resold during the duration of the program within the framework of the liquidity objective.

• Maximum purchase price
  
  : The maximum purchase price will be limited to €4.70 per share.

• Maximum program amount
  
  : €17,177,273.30

• Redemption terms:
  
  These purchases of shares may be made by any means, including through the acquisition of blocks of shares, and at times that the Board of Directors deems appropriate. The company reserves the right to use optional mechanisms or derivative instruments within the framework of the applicable regulations.

• Goals :
  

  • ensure the animation of the secondary market or the liquidity of the CBo Territoria share via an investment service provider through a liquidity contract in accordance with the practice accepted by the regulations, it being specified that in In this context, the number of shares taken into account for the calculation of the aforementioned limit corresponds to the number of shares purchased, less the number of shares resold,

  • keep the shares purchased and return them later in exchange or as payment in the context of any merger, demerger, contribution or external growth operations,

  • provide coverage for stock option plans and/or free share plans (or similar plans) for the benefit of group employees and/or corporate officers, including Interest Groups Economic and related companies, as well as all allocations of shares under a company or group savings plan (or similar plan), under profit sharing and/or any other form allocation of shares to employees and/or corporate officers of the group, including Economic Interest Groups and related companies,

  • provide cover for transferable securities giving right to the allocation of company shares within the framework of the regulations in force,

  • proceed with the possible cancellation of the shares acquired, in accordance with the authorization granted or to be granted by the Extraordinary General Meeting.

• Program duration:
  
  18 months from the general meeting of June 7, 2023, i.e. until
  
  December 6, 2024.

This publication is available on the company’s website (www.cboterritoria.com).

For all information: Caroline Clapier, Administrative and Financial Director

Telephone: 02 62 53 24 31 – email: [email protected]

© Copyright Actusnews Wire

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