Guerbet Partners with NATIXIS ODDO BHF for New Liquidity Contract
Guerbet's New Liquidity Contract with NATIXIS ODDO BHF
Guerbet (FR0000032526 GBT), recognized globally as a pivotal player in medical imaging, is setting a new course by engaging NATIXIS and ODDO BHF for the management of its liquidity contract, effective from February 3, 2025. This partnership marks a significant transition, as it follows the conclusion of a previous liquidity agreement that began on March 9, 2022.
Objectives of the Liquidity Contract
This recently established contract adheres to the guidelines set forth by the Autorité des marchés financiers (AMF), ensuring that it follows accepted market practices. Specifically, it aligns with AMF Decision n°2021-01, designed to facilitate a smoother trading environment for shares on the regulated Euronext Paris market.
Allocation of Resources
In preparation for the upcoming contract, the liquidity account has been sufficiently resourced. Notably, it includes the allocation of 10,996 shares and a total of €340,083.86, ensuring that the contract will have the means to operate effectively and support the trading of the company’s shares.
Operational Guidelines and Termination Conditions
The effective management of this liquidity contract entails specific operational guidelines. The contract may be paused under certain circumstances, including compliance with specific AMF articles or shareholder directives regarding share thresholds. Furthermore, the agreement is flexible, allowing Guerbet to terminate the contract at any time, while NATIXIS and ODDO BHF can also end their participation with a notice period of 15 days.
About Guerbet
Guerbet is dedicated to enhancing healthcare through its pioneering work in medical imaging. The company has built a strong foundation over its 95 years of innovation in contrast media. With over 2,600 employees across the globe, Guerbet invests 10% of its annual sales into research and development, ensuring the ongoing advancement of its diverse portfolio which encompasses pharmaceutical products, medical devices, and cutting-edge digital solutions.
Commitment to Research and Innovation
Guerbet places a high value on continuous innovation, which is evident in its commitment to research and development. With centers located in France, the United States, and Israel, the company strives to remain at the forefront of advancements in diagnostic and interventional imaging, solidifying its position as a leader in the industry.
Financial Performance
In 2023, Guerbet demonstrated robust financial strength, generating revenue of €786 million. This solid performance underlines the company's capability in navigating the challenges of the medical imaging market, reinforcing its commitment to quality and excellence in healthcare solutions.
Contacts for Further Information
For additional inquiries, Guerbet has made communication channels available:
Guerbet Contacts:
Jérôme Estampes, Chief Financial Officer: +33 1 45 91 50 00
Christine Allard, Head of Public Affairs and Communications: +33 6 30 11 57 82
Seitosei Actifin Contacts:
Marianne Py, Financial Communication: +33 1 80 48 25 31
Jennifer Jullia, Press: +33 1 56 88 11 19
Frequently Asked Questions
What is the main purpose of the liquidity contract?
The liquidity contract aims to enhance the trading of Guerbet's shares on Euronext Paris.
How long will the new liquidity contract be in effect?
The contract is set for one year but is tacitly renewable thereafter.
What resources were allocated to the liquidity account?
The liquidity account currently holds 10,996 shares and €340,083.86.
Can the liquidity contract be terminated early?
Yes, Guerbet can terminate the contract at any time, while NATIXIS and ODDO BHF must give 15 days' notice to end their involvement.
What is Guerbet's commitment to innovation?
Guerbet invests 10% of its sales into research and development to remain at the forefront of medical imaging innovations.
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