Compagnie d'Entreprises CFE : Acquisition of own shares December 14, 2022
December 13, 2022
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PRESS RELEASE
Wednesday December 14, 2022
Regulated information
Acquisition of own shares
Regulated information within the meaning of the Royal Decree of November 14, 2007
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Wednesday December 14, 2022
Regulated information
ACQUISITION OF OWN SHARES
The Board of Directors had decided to launch a share buyback programme within the limits of the (renewed) authorisation to buy back own shares, as granted by the Extraordinary General Meeting of Shareholders of 2 May 2019. This programme is part of the long-term incentive plans for the benefit of the members of the CFE Executive Committee.
CFE launched the buyback programme with the first period starting on 30 June 2022 and ending on 29 July 2022. During this period, 561,000 shares were acquired.
The Board of Directors has decided to restart the share buyback programme for a maximum of 700,000 own shares for the period starting on 31 August 2022 and ending at the latest on 31 December 2022.
This press release includes information on the acquisitions made between 30 November 2022 and 7 Decem- ber 2022 (included) by KBC Securities as intermediary.
CFE currently owns 359,258 own shares, 1.42% of the outstanding shares.
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Wednesday December 14, 2022
Regulated information
About CFE
CFE is a multidisciplinary active group in Belgium, Luxembourg and Poland in four activity lines with a significant growth potential thanks to the possibility of shaping tomorrow's world: real estate development, multitechnics, construction & renovation and sustainable investments. With a solid turnover of 1.125 million euros, more than 3100 employees and substantial experience and expertise gathered since its foundation in 1880, CFE has the ambition to challenge the status quo and create positive change by providing a successful answer to environmental and societal challenges to ensure the well-being of the future generations. CFE group realises this ambition by putting sustainability, innovation and respect for its employees at the heart of its strategy and by offering their clients end-to-end solutions.
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Note to editors
For further information, please contact:
Fabien De Jonge, Chief Financial Officer - tel. +32 2 661 13 12 - mail : fabien_de_jonge@cfe.be
Ann Vansumere, Communication Manager - tel. +32 2 661 13.97 - mail : ann_vansumere@cfe.be
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CFE - Compagnie d'Entreprises SA published this content on 14 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2023 15:22:06 UTC.
Compagnie d'Entreprises CFE SA is a multidisciplinary group active in Belgium, Luxembourg and Poland in 4 business lines with strong growth potential: real estate development, multitechnics, construction and renovation and sustainable investments.
With net sales of EUR 1,248.5 million in 2023, more than 3,000 employees and a long experience and expertise acquired since its foundation in 1880, the CFE group has the ambition to challenge the status quo and to bring about a positive change by successfully addressing environmental and social challenges for the well-being of future generations. The CFE group concretizes this ambition by placing sustainability, innovation, and respect for its employees at the heart of its strategy and by offering its customers end-to-end solutions.