Implementation of a share buyback program
SUEZ signed today a share purchase agreement with an Investment Services Provider in application of its share buyback program, as authorized by the Combined Shareholders’ Meeting of May 10th, 2017, and in the context of the employee shareholding plan “Sharing 2017” announced on September 14th, 2017.
Under this agreement, the Investment Services Provider will sell to SUEZ, which undertakes to acquire them at the latest on 19 December 2017, a maximum of 3 million of SUEZ shares, representing 0.49% of the company’s share capital. The average price per share will be determined based on the reference price of the employee shareholding plan “Sharing 2017”1, being understood that, in any case, this average price per share will not exceed €25 as authorized by the Combined Shareholders’ Meeting.
1 That is the average opening prices of SUEZ shares on the Euronext Paris market during the 20 trading days preceding the date on which the subscription price is set as planned on 9 November 2017.