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Reduction in share capital by cancelling 154,000 treasury shares, representing 9.99% of the share capital.


Toulouse, 2 July 2012, The IGE+XAO Group announces:

 

 


In its session on 26 June 2012, the Board of Directors made use of the powers granted to it by the Combined Shareholders' Meeting of 31 January 2012, and decided to reduce, effective 26 June 2012, the share capital of IGE+XAO SA by cancelling 154,000 shares representing 9,9% of the share capital.



This decision is compliant with Article L 225-209 al 4 of the French Commercial Code according to which treasury shares can be cancelled up to 10% of the Company's share capital in a 24-month period. Over the last 24 months, no reduction in the Company's share capital has taken place.



This operation does not affect the consolidated equity of the IGE+XAO Group from an accounting standpoint. With regards to the individual accounts, the Board of Directors has decided to allocate the difference between the purchase value of the cancelled securities which is 4,051,537.46 euros and their nominal amount, i.e. an amount of 592,900 euros to the "Other reserves" account which will change from 8,582,165.56 euros to 5,123,528.10 euros.



The number of securities comprising the share capital will then become 1,427,800 shares.





(1) In accordance with the last paragraph of Article 222-12 of the General Regulations of the AMF, the total gross number of voting rights is calculated based on all of the shares that comprise the share capital.

(2) The total net number of voting rights is calculated based on all of the shares comprising the share capital less the shares that do not have voting rights (treasury shares, in particular).







Over IGE + XAO:

De Group IGE + XAO ontwikkelt, verdeelt en ondersteunt reeds meer dan 30 jaar software voor elektrotechnisch ontwerpen, toegespitst op 3 marktsegmenten: Industrieel elektrotechnisch ontwerpen, residentieel elektrotechnisch ontwerpen alsook software voor Harness-design (kabelbomen). IGE + XAO is sinds 1997 beursgenoteerd (Euronext Paris – NYSE Euronext). De Group IGE + XAO heeft meer dan 390 medewerkers wereldwijd, verspreid over 32 vestigingen in 21 landen. Met meer dan 86 000 verkochte licenties is IGE + XAO een referentie in zijn vakgebied. Voor meer informatie bezoek ons op http://www.ige-xao.com, of http://www.ige-xao.nl

Contacteer IGE+XAO Group:
Investment Relations Alain Di Crescenzo (CEO) : +33 (0)5 62 74 36 36
Press: Christian Colin:  +33 (0)5 62 74 36 36
IGE+XAO Group, 16 boulevard Deodat de Severac - CS 90 312 - 31 773 COLOMIERS CEDEX
Telefoon Algemeen:   +33 (0)5 62 74 36 36  - Fax : +33 (0)5 62 74 36 37 – http://www.ige-xao.com