EO2: Description of the share buyback program approved by the Combined General Meeting of August 7, 2023 – 01/12/2023 at 6:15 p.m.


Malakoff, 01/12/2023 (6:15 p.m.) – EO2 (mnemonic code: ALEO2)

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EO2 (mnemonic code: ALEO2), a key player in the wood energy sector, present across the entire value chain, from wood collection to boiler room operation, publishes the description of the buyback program of actions.

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 company’s share buyback program.

This program was adopted by the Combined General Meeting of August 7, 2023 in the terms published as part of the prior notice published in the BALO of July 3, 2023, and has the following characteristics

  • Securities concerned: ordinary shares

  • Maximum share of capital whose repurchase is authorized: 10% of the number of shares making up the share capital (i.e. (264,064 shares to date), it being specified that this limit is assessed on the date of repurchases in order to take into account the possible 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: €10.00 per share excluding fees and commissions, this price being further fixed subject to adjustments linked to possible transactions on the Company’s capital and carried out under legal and regulatory conditions.

  • Maximum amount of the program: €2,400,000

  • Terms of repurchases: Purchases, sales or transfers of these shares may be carried out by any means, in one or more times, on the market or off-market, including by block transactions of securities (the maximum portion of the repurchase program which may be carried out by way of acquisition or sale of blocks of securities which may reach the entire authorized program), and including during a public offer period

  • Duration of the program: 18 months from the Combined General Meeting of August 7, 2023, i.e. until February 7, 2025.

Goals :

  • Animate the Company’s securities market, in particular to promote liquidity, within the framework of a liquidity contract in accordance with a charter of ethics recognized by the AMF and concluded with an investment services provider in compliance with market practice accepted by the AMF,

  • Implement any Company share purchase option plan within the framework of the provisions of articles L. 225-177 et seq. of the Commercial Code;

  • Grant shares free of charge within the framework of the provisions of articles L. 225 -197-1 et seq. of the Commercial Code;

  • Allocate shares to employees as part of their participation in the fruits of the company’s expansion and implement any company savings plan under the conditions provided for by law, in particular articles L. 3332-1 and following of the Labor Code;

  • Hold shares with a view to their subsequent delivery as payment or exchange as part of external growth operations;

  • Remit shares when exercising rights attached to securities giving access to capital

  • Cancel all or part of the shares thus repurchased in order to reduce the capital, within the framework of and subject to authorization from the extraordinary general meeting in force

  • Carry out more generally any transaction authorized or which may become authorized by law or any market practice which may be accepted by the AMF, it being specified that the Company will inform its shareholders by means of a press release.

This publication is available on the company’s website (www.eo2.fr).


About the EO2 Group


Present across the entire value chain from wood collection to boiler room operation, the EO2 Group is a key player in the wood energy sector. EO2 combines complementary professions of boiler room design/operation with the production/distribution of wood energy. The EO2 Group wishes, in the years to come, to develop activities and a strategy enabling it to reduce its exposure to risks linked to climatic hazards by developing its position in energy services.

EO2 shares meet the eligibility criteria of the PEA-PME system and can as such be integrated into PEA-PME accounts and thus EO2 shareholders will be able to benefit from exemptions on capital gains taxation.

CONTACTS

Group EO2

Grégoire DETRAUX

Administrative and financial director

[email protected]

NEWS finance & communication

Guillaume Le Floch

Investor Relations

glefloch@actus

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Regulated information:


Acquisition or transfer of shares of the issuer:

– Description of the buyback program

Full and original press release in PDF format:

https://www.actusnews.com/news/83122-cp_eo2_programme-de-rachat.pdf

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