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Reduction in share capital by cancelling 63,403 treasury shares, representing 4.46% of the share capital.

Home News › Reduction in share capital by cancelling 63,403 treasury shares, representing 4.46% of the share capital.

Toulouse, 31 October 2018, the IGE+XAO Group announces:

Reduction in share capital

by cancelling 63,403 treasury shares,

representing 4.46% of the share capital.

In its session on 15 October 2018, the Board of Directors made use of the powers granted to it by the Combined Shareholders’ Meeting of 26 January 2018, and decided to reduce, effective on 29 October 2018, the share capital of IGE+XAO SA by cancelling 63,403 shares representing 4.46% of the share capital.

This operation does not affect the consolidated equity of the IGE+XAO Group from an accounting standpoint. With regards to the company accounts, the Board of Directors has decided to allocate the difference between the purchase value of the cancelled securities which is 5,382,914.70 euros and their nominal amount, i.e. an amount of 5,138,813.15 euros to the “Other reserves” account which will change from 21,773,841.12 euros to 16,635,027.97 euros.

The number of securities comprising the share capital will then become 1,356,811 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).

 

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