Any question or comment? Please contact us .
+44 (0) 1455 817455

Reduction in share capital by cancelling 7,586 treasury shares, representing 0.53% of the share capital.

Home News › Reduction in share capital by cancelling 7,586 treasury shares, representing 0.53% of the share capital.

Toulouse, 17 April 2018, the IGE+XAO Group announces:

Reduction in share capital

by cancelling 7,586 treasury shares,

representing 0.53% of the share capital.

In its session on 28 March 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 30 March 2018, the share capital of IGE+XAO SA by cancelling 7,586 shares representing 0.53% 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 477,573.27 euros and their nominal amount, i.e. an amount of 448,367.17 euros to the “Other reserves” account which will change from 22,222,208.29 euros to 21,773,841.12 euros.

 

The number of securities comprising the share capital will then become 1,420,214 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).

By continuing to browse this website, you agree to the use of cookies or other tracking devices to track visits.
For more information and to configure the tracking devices.
I agreeMore info
When you browse our website, information may be saved, or read, in your computer, according to your choices. Do you agree that cookies are used and read in order to analyse your navigation and to allow us to measure the audience of our website?