Amundi launches a share repurchase programme as part of performance
share allocation plans
Press Release
Amundi launches a share repurchase
programme as part of performance share allocation
plans
Paris on 7 October 2024
As part of performance share allocation
plans and after having obtained the necessary regulatory
authorisation, Amundi is announcing the launch of a share
repurchase programme, via a mandate agreed with an Investment
Services Provider (Kepler Cheuvreux)
In accordance with the authorisation granted by
the Ordinary General Meeting of 24 May 2024 and delegated by the
Board of Directors to the Chief Executive Officer, the share
repurchase programme will have the following features:
1. Objective
Shares will be acquired for the purpose of
covering the performance share allocation plans that have already
been allocated and those in the future.
To avoid the dilution of existing shareholders,
Amundi has decided not to issue new shares, but to purchase on the
market the shares that will be delivered starting in 2025
(following a vesting period and subject to certain conditions of
performance and presence1).
2. Number of shares and
maximum amount
The total number of shares to be bought back on
the market should not exceed 1 million1, representing
around 0.5% of the share capital. The total amount allocated to
this programme cannot exceed €80 million.
3. Features of the
purchased shares
The Amundi shares in question are those admitted for trading on the
Euronext regulated market in Paris under ISIN code
FR0004125920.
4. Duration of the
share repurchase programme
The authorisation of the Ordinary General
Meeting of 24 May 2024 has been granted for a period of eighteen
months, starting at the date of the AGM.
This programme is part of the share repurchase
programme described in Chapter 1 (pages 42-43) of the 2021
Universal Registration Document filed by Amundi on 18 April 2024
with the French financial markets authority (AMF) under number
D.24-0302, available on the Amundi website:
https://legroupe.amundi.com/regulated-information. Changes to any
of the features of this share repurchase programme during its
implementation period shall be communicated according to the
procedures provided for under Article 241-2 II of the AMF’s General
Regulation.
It is also reminded that as at 30 September
2024, Amundi already holds 958,031 shares under the share
management agreement signed with Kepler Cheuvreux and under
previous share repurchase programmes.
About Amundi
Amundi, the leading European asset manager,
ranking among the top 10 global players2, offers its 100
million clients - retail, institutional and corporate - a complete
range of savings and investment solutions in active and passive
management, in traditional or real assets. This offering is
enhanced with IT tools and services to cover the entire savings
value chain. A subsidiary of the Crédit Agricole group and listed
on the stock exchange, Amundi currently manages more than €2.15
trillion of assets3.
With its six international investment hubs4,
financial and extra-financial research capabilities and
long-standing commitment to responsible investment, Amundi is a key
player in the asset management landscape.
Amundi clients benefit from the expertise and
advice of 5,500 employees in 35 countries.
Amundi, a trusted partner, working
every day in the interest of its clients and
society.
www.amundi.com
Press contacts:
Natacha Andermahr Tel. +33 1 76 37 86
05 natacha.andermahr@amundi.com
Corentin Henry Tel. +33 1 76 36 26 96
corentin.henry@amundi.com
Investor contacts:
Cyril Meilland, CFA Tel.+33 1 76 32 62 67
cyril.meilland@amundi.com
Thomas Lapeyre Tel.+33 1 76 33 70 54
thomas.lapeyre@amundi.com
Annabelle Wiriath Tel. +33 1 76 32 43 92
annabelle.wiriath@amundi.com
DISCLAIMER
This document does not constitute an offer or
invitation to sell or purchase, or any solicitation of any offer to
purchase or subscribe for, any securities of Amundi in the United
States of America. Securities may not be offered, subscribed or
sold in the United States of America absent registration under the
U.S. Securities Act of 1933, as amended (the "U.S. Securities
Act"), except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements thereof. The
securities of Amundi have not been and will not be registered under
the U.S. Securities Act and Amundi does not intend to make a public
offer of its securities in the United States of America. This
document does not constitute an offer or invitation to sell or
purchase, or any solicitation of any offer to purchase or subscribe
for, any securities of Amundi in France and Amundi does not intend
to make a public offer of its securities in France.
This document may contain forward-looking
information concerning Amundi's financial position and results.
These data do not represent "forecasts" within the meaning of
Delegated Regulation (EU) 2019/980.
Such forward-looking information includes
projections and financial estimates that are derived from scenarios
based on a number of economic assumptions in a given competitive
and regulatory environment, considerations relating to projects,
objectives and expectations in connection with events and
operations, transactions (including the proposed transaction
between Amundi and Victory Capital), future products and services
and on assumptions in terms of future performance and synergies. By
their very nature, they are therefore subject to known and unknown
risks and uncertainties, which could lead to the non-fulfillment of
the forward-looking items mentioned, including, with regard to the
proposed transaction between Amundi and Victory Capital, risks that
the conditions to completion will not be satisfied and that the
transaction will not be completed on schedule, or at all; risks
relating to the expected benefits or impact of the proposed
transaction on Victory Capital's and Amundi's respective
businesses, including the ability to realize expected synergies;
and other risks and factors relating to Victory's and Amundi's
respective businesses contained in their respective public filings.
Consequently, no assurance can be given that these projections and
estimates will materialize, and Amundi's financial position and
results could differ materially from those projected or implied in
the forward-looking information contained in this press release.
Amundi does not undertake any obligation to publicly update or
revise any forward-looking statements made as of the date of this
document. More detailed information on the risks that could affect
Amundi's financial position and results can be found in the "Risk
Factors" section of our Registration Document filed with the French
Autorité des marchés financiers under number D.24-0302 on 18 April
2024.
Readers are advised to consider all of these
risks and uncertainties before forming their own
judgement.
The figures presented have been subject to a
limited review from the statutory auditors and have been prepared
in accordance with IFRS as adopted by the European Union and
applicable at that date, and with prudential regulations in force
to date. Unless otherwise stated, the sources of the rankings and
market positions are internal. The information contained in this
document, to the extent that it relates to entities other than
Amundi, or is derived from external sources, has not been reviewed
by any supervisory authority, nor more generally been independently
verified, and no representation or undertaking is given as to, and
no reliance should be placed on, the accuracy, truthfulness or
completeness of any information or opinions contained in this
document. Neither Amundi nor its representatives may be held liable
for any decision taken or negligence or for any loss which may
result from the use of this presentation or its contents or
anything relating to them or to any document or information to
which it may refer.
The sum of the values shown in the tables and
analyses may differ slightly from the reported total due to
rounding.
1 The number of shares
granted will only be final upon delivery.
2 Source:
IPE “Top 500 Asset Managers” published in June
2024, based on assets under management as at
31/12/2023
3 Amundi
data at 30/06/2024
4 Boston,
Dublin, London, Milan, Paris and Tokyo
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performance share allocation plans
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