FOR IMMEDIATE RELEASE
BIC LAUNCHES ITS SECOND
ESG SHARE BUYBACK PROGRAM
Clichy,
Exane BNP Paribas will execute the program under the authorization granted by SOCIETE BIC Annual Shareholder Meeting on
This program, the second of its kind for the Group, is aligned with BIC's Corporate Responsibility Program, and its vision and mission to create and share value with all stakeholders. The outperformance2 in purchasing the share over the program's execution will be allocated to the Abdul
"I am thrilled to renew BIC's partnership with Exane BNP Paribas and J-PAL. This second innovative ESG share buyback program is further demonstration of BIC's long-term commitment to improving lives through Education, and building a better future for millions of children around the world' said
Approved by BIC's Board of Directors, the program is consistent with BIC's Capital Allocation Policy, which is comprised of:
- investments into operations to sustain organic growth
- targeted acquisitions to strengthen existing activities and develop in adjacent categories,
- Sustainable return to Shareholders, with an objective of ordinary dividend pay-out ratio in the range of 40% to 50% of Normalized EPS, and regular share buybacks.
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CONTACT
VP, Corporate Stakeholder Engagement +33 1 45 19 55 28 + 33 6 87 89 3351 Sophie.palliez@bicworld.com Senior Manager, Investor Relations + 33 1 45 19 52 98 Michele.ventura@bicworld.com | Senior Manager, Institutional Press Relations + 33 1 45 19 51 51 + 33 7 85 88 19 48 Albane.DeLaTourDArtaise@bicworld.com Image 7 + 33 6 89 87 61 39 isegonzac@image7.fr |
2021/2022 AGENDA
ALL DATES TO BE CONFIRMED
FY 2021 Results | |
1st Quarter 2022 Results | |
2022 Annual General Meeting | |
1st Half 2022 Results | |
3rd Quarter 2022 Results |
ABOUT BIC
A world leader in stationery, lighters and shavers, BIC brings simplicity and joy to everyday life. For more than 75 years, the Company has honored the tradition of providing high-quality, affordable, essential products to consumers everywhere. Through this unwavering dedication, BIC has become one of the most recognized brands and is a trademark registered worldwide. Today, BIC products are sold in more than 160 countries around the world and feature iconic brands such as BIC Kids™, BIC FlexTM, BodyMark by BICTM, Cello®, Djeep, Lucky Stationery, Rocketbook, Soleil®, Tipp-Ex®, Us. TM, Wite-Out® and more. In 2020, BIC Net Sales were
ABOUT J-PAL
ABOUT EXANE BNP PARIBAS
Exane BNP Paribas is a leading European equities business. We offer a high-quality execution platform with full electronic trading capability. Our Research product is renowned for its depth and quality and is reinforced by experienced, top-ranked Sales & Specialist Sales teams as well as a dedicated corporate access service Exane BNPP Corporate Broking team is active in market intelligence, liquidity agreements, share buybacks and management of listed stakes.
1 Maximum amount
2 The outperformance is the difference between the purchase price and the average VWAP over the execution period.
Attachment
- BIC_2022 ESG Share BuyBack program_21JAN22
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