Paris, June 25, 2024 – 9:45 p.m. –
In accordance with the provisions of European Regulation (EU) n°596/2014 of April 16, 2014 and the delegated regulations adopted for its application as well as articles 221-1 and 241-1 et seq. of the AMF General Regulation, this description aims to describe the purposes and terms of the Company’s share buyback program.
Date of the general meeting called to authorize the share buyback program
This program will be submitted for approval to the annual ordinary general meeting of June 27, 2024 according to the terms published as part of the prior notice published in BALO No. 60 of May 17, 2024 (the convening notice has been published at BALO n°70 on June 10, 2024).
This program is intended to replace that authorized by the combined general meeting of June 5, 2023.
Features of the buyback program
Securities concerned: ordinary shares admitted to trading on the Euronext Growth Paris market (ISIN code: FR0013143872).
Maximum share of the capital whose repurchase is authorized: 10% of the number of shares making up the share capital of the Company (at any time, this percentage applying to a number of shares adjusted, if necessary, according to transactions that may affect the share capital after the Meeting).
Maximum purchase price: €25 per share.
Maximum redemption amount: €3,000,000.
Redemption method: the acquisition, sale or transfer of these shares may be carried out and paid for by any means authorized by the regulations in force, and in particular on a regulated market, on a multilateral trading system, from an internalizer systematically or over the counter, in particular by way of acquisition or transfer of blocks, by the use of options or other derivative financial instruments, or of warrants or, more generally, of transferable securities giving right to shares of the Company and the operations thus referred to may be carried out on one or more occasions and at any time, including during a public offer period targeting the Company’s securities.
Objectives of the share buyback program
The company plans to renew its share buyback authorization for the purposes of:
to promote the liquidity of transactions and the regularity of quotations of the Company’s securities or to avoid price shifts not justified by market trends within the framework of a liquidity contract concluded with an intervening investment service provider in complete independence, and in accordance with the AMAFI ethics charter dated March 8, 2011 recognized by the Financial Markets Authority,
to make it possible to honor obligations linked to stock option programs, allocation of free shares, employee savings or other share allocations to corporate officers, employees of the Company and/or companies which are linked under the conditions and according to the modalities provided for by law, including (i) the implementation of any stock option plan of the Company within the framework of the provisions of articles L. 225- 177 et seq. of the Commercial Code, (ii) the allocation of shares to employees as part of their participation in the fruits of the expansion of the company and the implementation of any company savings plan in the conditions provided for by law, in particular articles L. 3332-1 et seq. of the Labor Code, or (iii) the free allocation of shares within the framework of the provisions of articles L. 225-197-1 et seq. Trade code,
to deliver the shares upon the exercise of rights attached to transferable securities giving right, immediately or in the future, by reimbursement, conversion, exchange, presentation of a voucher or in any other way to the allocation of shares of the Company, as well as carrying out all hedging operations in relation to the issue of such transferable securities, under the conditions provided for by the market authorities and at the times that the Board of Directors will determine,
to retain the acquired shares and subsequently remit them in payment or exchange in the context of possible merger, split or contribution operations.
Duration of the buyback program
It is proposed to the General Meeting of Shareholders of June 27, 2024 to set the duration of the authorization to purchase its own shares at 18 months from the Meeting, i.e. until December 27, 2025.
Distribution by objective of capital securities held by the company
As of June 24, at midnight (Paris time), the company holds 10,913 shares which are allocated, with a view to stimulating the company’s share market, to the implementation of the liquidity contract concluded with the Company. of Gilbert Dupont Stock Exchange, on April 16, 2018, for a period of one year, renewable by tacit agreement and still in force.
About Witbe
Leader in the automated monitoring and testing market for video services, Witbe offers a unique approach to monitoring the quality of experience delivered to users of any type of video service (live, replay, etc.), regardless of the type. device used (PC, smartphone, STB, SmartTV, etc.) and across all types of networks (fiber, 5G, OTT, etc.).
Established internationally, the group now has more than 300 clients in 50 different countries. Telecom operators, broadcasters and content providers all trust Witbe robots to verify the quality of experience of their video services.
In 2022, thanks to its new range of Witbox robots and a new version of the Remote Eye Controller software, Witbe has made its technologies accessible to as many people as possible, through any web browser.
Subsequently, the development of algorithms, the insertion of artificial intelligence and the implementation of
templates
in Workbench software allows test script teams to work 10 times faster and sometimes not even have to update tests even if there are UI changes. Simplifying technology to facilitate use and increasing productivity and collaboration between teams, these were the watchwords for 2023. The arrival of Ad Monitoring completes Witbe’s offer in 2024 accompanied by numerous advancements aimed at giving more independence to users of Witbe technologies.
Witbe is listed on the Euronext Growth market in Paris (ISIN: FR0013143872 – Ticker: ALWIT) and has offices around the world, including Paris, New York, San Francisco, Denver, Montreal, London, Lisbon and Singapore.
More information on www.witbe.net
Marie-Véronique Lacaze – Chairman and CEO | Mathieu Omnes – Investors | Amaury Dugast – Press |
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Regulated information:
Acquisition or transfer of shares of the issuer:
– Description of the buyback program
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