Groupe LDLC société anonyme commences an Equity Buyback Plan to repurchase its own shares under the authorization approved on September 28, 2018.
August 05, 2019 at 12:00 pm EDT
Groupe LDLC (ENXTPA:LDL) commences share repurchases on August 2, 2019, under the program mandated by the shareholders in the Annual General Meeting held on September 28, 2018. 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.