BIC COMPLETES ITS ESG IMPACT SHARE BUYBACK PROGRAM
November 03 2021 - 1:00PM
BIC COMPLETES ITS ESG IMPACT SHARE BUYBACK PROGRAM
FOR IMMEDIATE
RELEASE
BIC COMPLETES
ITS ESG IMPACTSHARE
BUYBACK PROGRAM
Part of the funds will be allocated to J-PAL and
the BIC Corporate Foundation
Clichy,
France –
November 3,
2021 – BIC announces today the
completion of its ESG Impact Share Buyback program announced in
December 2020 and launched in March 2021.
This program was executed by Exane BNP Paribas under the
authorization granted by SOCIETE BIC Annual Shareholder Meeting on
May 20, 2020, and under the Market Abuse Regulation (" MAR") and
the Commission Delegated Regulation (the "Safe Harbour
Regulation").
717,928 shares were purchased for an average purchase price of
54.64 euros, amounting to a total of 39.2 million euros, between
March 12th 2021 and November 1st 2021. As announced at the launch
of the program, part of the outperformance between the purchase
price and the average VWAP over the execution period will be
allocated to the global research center Abdul Latif Jameel Poverty
Action Lab (J-PAL), and the BIC Corporation Foundation for
Education.
##
Contact
Sophie Palliez-CapianVP, Corporate Stakeholder Engagement+33 1
45 19 55 28+ 33 87 89 3351Sophie.palliez@bicworld.com
Michèle VenturaSenior Manager, Investor Relations+ 33 1 45 19 52
98Michele.ventura@bicworld.com
Albane de La Tour d’Artaise Senior Manager, Institutional Press
Relations+ 33 1 45 19 51 51+ 33 7 85 88 19
48Albane.DeLaTourDArtaise@bicworld.com
Isabelle de Segonzac Image 7+ 33 6 89 87 61
39isegonzac@image7.fr
2022 AGENDA
ALL DATES TO BE CONFIRMED
FY 2021 Results |
February 15, 2022 |
1st Quarter 2022 Results |
April 26, 2022 |
2022 Annual General Meeting |
18 May, 2022 |
1st Half
2022 Results |
August 2, 2022 |
3rd Quarter 2022
Results |
October 27, 2022 |
ABOUT BIC
A world leader in stationery, lighters and shavers, BIC brings
simplicity and joy to everyday life. For more than 75 years, the
Company has honored the tradition of providing high-quality,
affordable, essential products to consumers everywhere. Through
this unwavering dedication, BIC has become one of the most
recognized brands and is a trademark registered worldwide. Today,
BIC products are sold in more than 160 countries around the world
and feature iconic brands such as Cello®, BIC FlexTM, Lucky
Stationery, Us. TM, Soleil®, Tipp-Ex®, Wite-Out®, Djeep, Rocketbook
and more. In 2020, BIC Net Sales were 1,627.9 million euros. The
Company is listed on "Euronext Paris," is part of the SBF120 and
CAC Mid 60 indexes and is recognized for its commitment to
sustainable development and education. It received an A- Leadership
score from CDP. For more, visit about.bic.com or follow us on
LinkedIn, Instagram, Twitter, or YouTube.
ABOUT J-PAL
The Abdul Latif Jameel Poverty Action Lab (J-PAL) is a global
research center working to reduce poverty by ensuring that policy
is informed by scientific evidence. Anchored by a network of 227
affiliated professors at universities around the world, J-PAL
conducts randomized impact evaluations to answer critical questions
in the fight against poverty. J-PAL's network of seven regional
offices is hosted at leading universities in Africa, Europe, Latin
America & the Caribbean, the Middle East & North Africa,
North America, South Asia, and Southeast Asia.
ABOUT Exane BNP Paribas
Exane BNP Paribas is a leading European equities business. We
offer a high-quality execution platform with full electronic
trading capability. Our Research product is renowned for its depth
and quality and is reinforced by experienced, top-ranked Sales
& Specialist Sales teams as well as a dedicated corporate
access service Exane BNPP Corporate Broking team is active in
market intelligence, liquidity agreements, share buybacks and
management of listed stakes.
- BIC_Impact Share BuyBack program_completion_3NOV21
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