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27/04/2026 11:42
Description of the share repurchase program authorized by the Combined General Meeting of the shareholders of April 24, 2026SA au capital de 251 385 276 € Description of the share repurchase program authorized by the Combined General Meeting of the shareholders of April 24, 2026Pursuant to articles 241-1 to 241-7 of the General Regulation of the French financial market authority (Autorité des Marchés Financiers or AMF) and in accordance with articles L.22-10-62 and following and 225-210 and following of the French commercial code, this document describes the purposes and procedures governing the Interparfums program to repurchase its own shares. Authorization of the repurchase program granted by the shareholders’ general meetingThis authorization was granted by the thirteenth resolution of the shareholders’ meeting of April 24,2026. Number of shares and share of capital held by the companyInterparfums' shares are admitted to trading in Compartment A of the regulated market of Euronext Paris under ISIN code FR0004024222. On April 24, 2026, the company had share capital of €251,385,276 divided into 83,795,092 shares with a par value of €3, of which 99,208 shares are held by the company under a liquidity agreement. The company does not have an open position in derivatives. Main purpose of shares held by the company acquired through the share repurchase programOn April 24, 2026, the total amount of the 99,208 shares held by the company are destined to be used to ensure program’s primary purpose, namely for the purposes of market-making services provided by an investment service provider under a liquidity agreement. No shares bought back were cancelled. Purposes of the new share repurchase program authorized by the AGM of April 24, 2026Under this program, shares may be purchased for the following purposes:
Maximum percentage of share capital, maximum number of shares which may be repurchased under the new program and maximum purchase priceThe maximum amount of the share capital which may be acquired by Interparfums is 2,5% of the share capital at any given time or, by way of example, 2,094,877 shares on April 24, 2026, based on a share capital of 83,795,092 shares, subject to adjustments that might be necessary to take into account the effects of corporate actions. It is specified that this percentage applies to a share capital adjusted to take into account corporate actions after the Meeting, and notably in the case of stock splits or reverse stock splits or bonus share grants. The maximum purchase price set by the General Meeting of April 24, 2026, was €50. By way of example, without taking into account own shares held by the company on this date, the maximum amount allocated to the repurchase program would be €104,743,850. Procedures for the purchase and the disposal of sharesIn accordance with applicable regulations, said shares may be purchased, held, sold or transferred, according to the case, through one or more transactions, at any time the Board of Directors so chooses subject to applicable regulations, by any means, on or off market, and notably through block trades. The company does not intend to make use of options or derivatives. Duration of the new share repurchase programThe share repurchase program is valid for a period of 18 months from the date of the General Meeting of the shareholders of April 24, 2026, granting the authorization, i.e. until October 23, 2027. It will cancel and replace the program adopted by the authorization granted by the Combined General Meeting of April 17, 2025. The shareholders grant all powers to the Board of Directors, which it may in turn delegate, to proceed with these transactions and generally carry out all necessary measures and formalities. Source : Webdisclosure.com |
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Bourse : technologie Cote Boursière