Exclusive Networks Buys Back a Block of Shares
May 24 2023 - 02:49AM
Business Wire
Regulatory News:
As part of HTIVB sale of a stake of circa 3.7% in Exclusive
Networks SA (Paris:EXN) by way of a private placement with
accelerated book building, Exclusive Networks SA has bought back
0.6% of its shares at a unit price of €19.
This 10-million-euros transaction is financed with the Group's
liquidity and is carried out as part of the share buyback program
authorized pursuant to the 12th resolution approved by the
shareholders’ general meeting held on June 21, 2022.
In accordance with its Press Release of 28 February 2023, the
shares will be acquired with a view to remitting them in the
context of management package schemes such as allotment of
Long-Term Incentives plans represented by free-shares and M&A
build-up.
As a consequence of the above, the parameters of the first
mandate agreement entered into with Kepler Cheuvreux as part as the
share buyback program for a maximum amount of 25 million euros over
a period beginning on March 20, 2023, until December 21, 2023, is
amended and limited to the remaining.
About Exclusive Networks
Exclusive Networks (EXN) is a global cybersecurity specialist
that provides partners and end-customers with a wide range of
services and product portfolios via proven routes to market. With
offices in over 45 countries and the ability to serve customers in
over 170 countries, we combine a local perspective with the scale
and delivery of a single global organisation.
Our best-in-class vendor portfolio is carefully curated with all
leading industry players. Our services range from managed security
to specialist technical accreditation and training and capitalize
on rapidly evolving technologies and changing business models. For
more information visit www.exclusive-networks.com.
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EXCLUSIVE NETWORKS
Investors & Analysts Hacene Boumendjel
Head of Investor Relations ir@exclusive-networks.com
Media FTI Consulting
Emily Oliver / Tom Blundell +33 (0)1 47 03 68 19
exclusivenetworks@fticonsulting.com
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