Antin Infrastructure Partners: Implementation of a liquidity contract with BNP Paribas Exane
24 March 2022 - 4:50PM
Business Wire
Regulatory News:
Antin (Paris:ANTIN) entered into a liquidity contract with BNP
Paribas Exane, starting on 25 March 2022, for a period of one year
and tacitly renewable unless otherwise advised.
This contract aims at improving Antin’s shares trading on the
regulated market of Euronext Paris. The contract is compliant with
the legal framework in force for liquidity contracts, as well as
with the Code of Conduct (Charte de Déontologie) issued by the
French Association representing Financial Markets Professionals
(Association Française des Marchés Financiers), which is recognised
by the AMF.
Total resources of €2,000,000 (2 million euros) have been
allocated to the liquidity account.
Operations under the liquidity contract will be suspended under
the conditions set out in article 5 of AMF Decision No. 2021-01 of
22 June 2021.
The liquidity contract may be terminated at any time and without
prior notice by Antin, at any time by BNP Paribas Exane subject to
one month’s notice.
This liquidity contract was entered into as part of the
execution of the share repurchase program approved by the Combined
Shareholders’ Meeting held on 14 September 2021.
Use of share authorisation for the liquidity contract
In its 6th resolution, the Combined Shareholders’ Meeting held
on 14 September 2021 authorised a program for Antin to buy back its
own shares capped at 10% of the share capital (or 5% of the share
capital with a view to hold shares for subsequent exchange or
payment as consideration for external growth transactions) (the
“Share Repurchase Program”)(1). This authorisation was granted for
18 months. The maximum repurchase price under this authorisation is
200% of the price of the IPO, i.e. €48 per share(2). In accordance
with applicable regulations and market practices permitted by the
AMF, the objectives of the Share Repurchase Program are as
follows:
- to enable an investment service provider to maintain the
liquidity of the shares of the Company within the framework of a
liquidity contract in compliance with market practices approved by
the AMF;
- to allocate shares as part of Antin’s stock purchase option
plans, free share plans, profit sharing program and any Group
savings plan or other allocations of shares to employees or
corporate officers of the Company and its affiliates and carry out
all hedging operations related to these transactions;
- to deliver shares on the occasion of the exercise of rights
attached to securities giving access to the Company’s share capital
and carry out all hedging operations related to these
transactions;
- to retain them pending a delivery of shares (as an exchange,
payment or other consideration) in the context of acquisitions,
mergers, spin-offs or asset contributions;
- to cancel all or part of the shares thus purchased; and
- to pursue any other purpose that has been or may be authorised
by legislation or regulations in force, or by any market practice
that may be admitted by the AMF, it being specified that in such a
case, Antin would inform its Shareholders by means of a press
release.
About Antin Infrastructure Partners
Antin Infrastructure Partners is a leading private equity firm
focused on infrastructure. With €22.7bn in Assets Under Management
across its Flagship, Mid Cap and NextGen investment strategies,
Antin targets investments in the energy and environment, telecom,
transport and social infrastructure sectors. With a presence in
Paris, London, New York, Singapore and Luxembourg, Antin employs
over 160 professionals dedicated to growing, improving and
transforming infrastructure businesses while delivering long term
value to portfolio companies and investors. Majority owned by its
partners, Antin is listed on compartment A of the regulated market
of Euronext Paris (Ticker: ANTIN ISIN: FR0014005AL0).
(1) When shares are bought back for the purpose of maintaining
the liquidity of the shares of the Company, the number of shares
taken into account in order to calculate the cap of 10% of the
Company’s share capital corresponds to the number of shares
purchased less the number of shares sold during the authorisation
period. (2) Subject to (i) a maximum total amount that may be
invested in the Share Repurchase Program of €300,000,000 and (ii)
adjustments required to take into account transactions on the share
capital (including capitalisation of reserves or free grant of
shares, stock-split or reverse stock-split).
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version on businesswire.com: https://www.businesswire.com/news/home/20220323005970/en/
Media Contacts
Antin Infrastructure Partners Nicolle Graugnard,
Communication Director Email: nicolle.graugnard@antin-ip.com
Shareholder Relations
Contacts
Antin Infrastructure Partners Ludmilla Binet, Head of
Shareholder Relations Email: ludmilla.binet@antin-ip.com
Brunswick Email: antinip@brunswickgroup.com Tristan
Roquet Montegon +33 (0) 6 37 00 52 57 Gabriel Jabès +33
(0) 6 40 87 08 14
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