Danone S.A. (ENXTPA:BN) announces an Equity Buyback for 68,662,960 shares, representing 10% for €5,836.35 million, under the authorization approved on April 29, 2021.
August 01, 2021
Share
Danone S.A. (ENXTPA:BN) commences share repurchases on July 30, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 29, 2021. As per the mandate the company will repurchase up to 68,662,960 shares, representing 10% of its total share capital. The company will repurchase its shares at a maximum purchase price of €85 per share. The shares will be repurchased for the purpose of allocation of shares with respect to the exercise of stock-options by employees and/or corporate officers of the company and of companies or economic interest groups related to it, the sale of shares to employees, the delivery of shares upon the exercise of rights attached to securities giving access to the company’s share capital, the later delivery of shares as payment or for exchange in the context of external growth transactions, the cancellation of shares within the maximum legal limit and/or supporting the market for shares in connection with a liquidity contract entered into with an investment service provider. The share repurchase program is valid for 18 months. As of April 29, 2021, the company had 686,629,600 shares in outstanding.
On July 29, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to €800 million worth of its shares.
Danone is one the world leading food-processing groups. Net sales break down by family of products as follows:
- dairy products and plant products (51.9%; No. 1 worldwide): fresh fermented milk products, creams, products and drinks of plant origin (based in particular on soya, almond, hazelnut, rice, oats and coconut);
- specialized nutrition products (30.8%): baby foods (No. 1 worldwide; foods for infants and young children in addition to breastfeeding) and medical nutrition products (No. 2 in Europe; foods for people suffering from certain pathologies or people weakened by age);
- bottled water (17.3%; No. 2 worldwide): natural water, aromatized water or enriched in vitamins (brands Evian, Volvic, Badoit, Aqua, etc.).
At the end of 2023, the group had more than 174 production sites throughout the world.
Net sales are distributed geographically as follows: France (8.4%), Europe (25.5%), North America (25%), China/Japan/Australia/New Zealand (12.7%), Latin America (10.1%) and other (18.3%).
Danone S.A. (ENXTPA: BN) announces an Equity Buyback for 68,662,960 shares, representing 10% for €5,836.35 million, under the authorization approved on April 29, 2021.
DANONE 
