Groupe LDLC société anonyme commences an Equity Buyback Plan for 35,000 shares, representing 0.55% for €2.28 million, under the authorization approved on September 25, 2020.
May 10, 2021 at 04:45 am EDT
Share
Groupe LDLC société anonyme (ENXTPA:ALLDL) commences share repurchases on May, 6, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on September 25, 2020. As per the mandate, the company authorized to repurchase up to 35,000 shares, representing 0.55% for €2.28 million. The maximum shares will be paid at a time of acquisition is €65 per share. The purpose of the buyback is to provide liquidity to the shares and/or fulfill the obligations arising from stock option programs, or other allocations of shares, to employees or members of the administrative or management bodies of the company or its affiliates and/or meet obligations arising from debt securities that are exchangeable for title deeds and/or keep the shares and deliver them at a later date for payment or exchange in connection with any external growth, merger, spin-off or contribution transactions and/or cancel all or part of the shares so repurchased. The authority is valid for 18 months from the shareholders general meeting.
Groupe LDLC specializes in the online distribution of multimedia and computer hardware for professionals and the general public. The products mainly involve PCs, laptops, peripherals (keyboards, mice, scanners, speakers, etc.), digital cameras, MP3 players, components (mother boards, graphics cards, memory cards) and software.
Today a major E-commerce player in the computing and high-tech market for individuals and professionals, LDLC Group operates through 15 sites, of which 7 are merchants. The group is also developing a network of directly-operated or franchised stores.
Income by source of revenue breaks down between merchandise sales (95%) and sales of services (5%).
France accounts for 89% of net sales.
Groupe LDLC société anonyme commences an Equity Buyback Plan for 35,000 shares, representing 0.55% for €2.28 million, under the authorization approved on September 25, 2020.
GROUPE LDLC 
