Skip to main content

CREDIT AGRICOLE SA: Crédit Agricole S.A. launches a Share Repurchase Program for up to 15,128,677 ordinary shares of the Company

Written by Customer Service on . Posted in Public Companies.

Montrouge, September 30th, 2024

Crédit Agricole S.A. launches a Share Repurchase Program for up to 15,128,677 ordinary shares of the Company

Crédit Agricole S.A., having received all necessary supervisory approvals, announces today that it will start a share repurchase program of up to 15,128,677 of Crédit Agricole S.A.’s ordinary shares. The program shall start on 1st October 2024 and end no later than 29 November 2024. Shares purchased under the Program will be cancelled.

This transaction aims to offset the dilutive effect of the 2024 capital increase reserved for employees.

Crédit Agricole S.A. has given an irrevocable instruction to an independent investment services provider (the “Investment Services Provider”) in relation to the purchase by the Investment Services Provider, during the period commencing on 1st October 2024 and ending no later than 29 November 2024, of ordinary shares in the share capital of Crédit Agricole S.A. (the “Shares”) up to 15,128,677 Shares.

Any purchase of Shares done in relation to this announcement will be carried out on the regulated market of Euronext Paris and Multilateral Trading Facilities where the Shares are admitted to trading or traded and executed in accordance with the price and volume conditions set out in the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buyback programs and stabilization measures, and Crédit Agricole S.A.’s general authority to make market purchases of Shares pursuant to the 32nd resolution adopted by the General Meeting of Crédit Agricole S.A. on 22 May 2024. Crédit Agricole S.A. will announce any market repurchase of Shares accordingly.

The existing liquidity agreement with Kepler Cheuvreux will temporarily be suspended during the execution of the share repurchase program.

The description of the share repurchase program, set out in Section 8 (page 853) of Crédit Agricole S.A.’s Universal Registration Document filed and registered with the Autorité des marchés financiers on 22 March 2024 under number D.24-0156, as well as the text of the 32nd resolution adopted by the General Meeting of Crédit Agricole S.A. on 22 May 2024, are available on Crédit Agricole S.A.’s website:

– www.credit-agricole.com/en/finance/finance/financial-publications and
– www.credit-agricole.com/en/finance/finance/individual-shareholders/annual-general-meeting,         respectively.

CRÉDIT AGRICOLE S.A. PRESS CONTACT

Alexandre Barat : 01 57 72 12 19 – alexandre.barat@credit-agricole-sa.fr
Olivier Tassain : 01 43 23 25 41 – olivier.tassain@credit-agricole-sa.fr
        
Find our press release on: www.credit-agricole.com

   

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.