Kaufman & Broad SA
Kaufman & Broad SA: DESCRIPTION OF THE SHARE REPURCHASE PROGRAM 2024

06-May-2024 / 11:17 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


 

 Press release

  Press release

 Paris, 2023, May 6th

 

DESCRIPTION OF THE SHARE REPURCHASE PROGRAM

 

 

  1. Result of the previous plan

 

Declaration of the operations realized on treasury shares from 2023, May 4th, until 2024 May 6th, (covering the period which starting on the day following the assessment of the previous program was established and ending on 2024, May 6th):

 

Percentage of treasury shares in the capital owned directly and indirectly (1)

1.92%

Number of stocks cancelled in the last 24 months (2)

1,751,000

Number of shares owned in portfolio (1)

382,197

Accounting value of the portfolio (1)

€9,606,146

Market value of the portfolio (1)

11,886,327 

 

 

 

Amounted gross flow (3)

Positions opened the day of the description of the repurchase program

 

Buy

Sales /

Transfer

Buy positions

Sales positions

 

Call option bought

Futures

Put option sold

Forward sale

Number of shares

264,695

266,895

 

 

 

 

Average maximum maturity

 

 

 

 

 

 

Average transaction price (3)

27.592

27.684

 

 

 

 

Cash transaction

 

 

 

 

 

 

Amounts

7,303,352

7,338,790

 

 

 

 

  1. On May 6th, 2024 (market close on May 3rd, 2024)
  2. In the last 24 months prior to May 6th, 2024
  3. Covering the period which starting on the day following the assessment of the previous program was established and ending on May 3rd,2024. It concerns transaction made as part of block transactions or liquidity contract.

 

  1.      Allocation by objectives of shares owned the day of the publication of the hereby document:

 

Number of treasury shares owned directly and indirectly: 382,197 representing 1.92 % of the company capital.

Number of shares owned by objective:

  •                                             Animation of the stock through a liquidity contract AMAFI : 200
  •                                             External growth operations: 0
  •                                             Covering option plan for stock or other employees ‘shareholding system: 381,997
  •                                             Coverage of securities giving right to share attribution: 0
  •                                             Cancellation: 0

 

  1. New share repurchase program:

 

  • Program Authority:Shareholders ‘Meeting on May 6th, 2024
  • Securities covered: Ordinary shares
  • Maximum proportion of the share capital authorised for buyback: 10 % currently equivalent to 1,986,202 shares. Considering the number of shares already held and amounting to 382,197 (1.92 % of the share capital), the maximum number of additional shares that can be bought will be 1,604,005 shares (8.08 % of the share capital) unless the Company sells or cancels the shares already held.
  • Maximum purchase price: €50
  • Objectives in decreasing order of priority:
  • Stimulate the market or the liquidity of the Company’s shares through an investment service provider under a liquidity agreement that complies with the AMAFI Ethics Charter recognized by the AMF,
  • Acquire shares to be held and subsequently delivered in payment or exchanged as part of corporate acquisition transactions,
  • Award or transfer stock to employees and/or corporate officers (on the terms and in the manner provided for by law) in particular as part of a stock option plan, a bonus share award plan or a company savings plan,
  • Award stock by the delivery of shares when exercising the rights attached to securities giving the right via redemption, conversion, exchange or presentation of a warrant, or in any other way, to an allocation of the Company’s stock,
  • Potentially cancel the shares acquired, under the conditions of the authorization granted by the Shareholder’s Meeting.

 

  • Program duration: 18 months as from the Shareholders ‘Meeting of May 6th, 2024, until November the 6th, 2025.

 

 

 

 

This press release is available at www.kaufmanbroad.fr

 

 

Contacts

 

Chief Financial Officer

Bruno Coche -01 41 43 44 73/infos-invest@ketb.com

Press relations

Primatice : Thomas de Climens -06 78 12 97 95/thomasdeclimens@primatice.fr

Kaufman & Broad : Emmeline Cacitti -06 72 42 66 24/ecacitti@ketb.com

 

About KAUFMAN & BROAD

For more than 55 years, KAUFMAN & BROAD has been designing, developing, building and selling apartments, single-family homes in communities, managed housing, retail areas, business spaces and offices buildings.

As a designer and a true urban builder alongside regional authorities to develop new neighbourhoods and major urban projects, KAUFMAN & BROAD is one of the first French Developers-Builders by the combination of its size, profitability and the strength of its brand.

Let us create a more virtuous city together.

For more information : www.kaufmanbroad.fr   

Kaufman & Broad's Universal Registration Document was filed on March 28, 2024 with the Autorité des marchés financiers (the "AMF") under number D.24-0211. It is available on the websites of the AMF (www.amf-france.org) and Kaufman & Broad (www.kaufmanbroad.fr). It contains a detailed description of Kaufman & Broad's business, results and outlook as well as the associated risk factors. In particular, Kaufman & Broad draws attention to the risk factors described in Chapter 4 of the Universal Registration Document. The occurrence of one or more of these risks may have a material adverse effect on the business, assets, financial condition, results or prospects of the Kaufman & Broad Group, as well as on the market price of Kaufman & Broad shares.

 

 


Regulatory filing PDF file

File: Description of the share repursahse program UK 06 05 2024 VDEF

1896273  06-May-2024 CET/CEST

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