Insight into Marie Brizard Wine & Spirits' Buyback Program
Overview of the Share Buyback Program
Marie Brizard Wine & Spirits has recently outlined its share buyback program authorized during its Ordinary General Meeting. This program is essential for promoting liquidity and stability within the company’s shares in the market.
Objective Behind the Buyback Initiative
The primary goal of the buyback initiative is to enhance shareholder value and market presence. By undertaking this program, the company aims to:
- Improve liquidity and stabilize share prices by working with an investment services provider to create a robust liquidity agreement.
- Retain bought-back shares, enabling potential market reintegration or utilization for external growth opportunities according to market regulations.
- Support stock option plans and share allocations to employees and corporate officers, ensuring participants are rewarded while fostering loyalty within the Company.
- Facilitate the delivery of shares connected to various securities and manage related hedging transactions effectively.
- Possibly cancel shares, should there be a need for share capital reduction.
This buyback program further allows the Company flexibility to purchase shares for reasons sanctioned by law, adapting to market practices approved by the relevant authorities.
Details of the Buyback Program
As of the designated date, the company held a mere fraction of its total stock as treasury shares—specifically 139,742 out of 111,989,823 issued shares, representing just 0.12% of its capital. The buyback program outlines a maximum of 11,059,240 shares that can be repurchased, which is approximately 9.88% of the share capital.
The maximum stock purchase price is set at €6 per share, adjusted as necessary based on shareholder equity fluctuations. This indicates that the total amount allocated for the buyback may reach around €67 million, allowing the purchase of up to 11,198,982 shares.
Duration and Communication of the Buyback Program
This buyback initiative is scheduled to persist for 18 months, concluding at the end of November 2026. Throughout this period, the public will be regularly updated on any significant changes to the outlined terms in alignment with regulatory protocols.
Contact Information for Investors and Media
For those interested in more detailed information or inquiries regarding the buyback program, the following contacts are available:
Investor Relations
Marie Brizard Wine & Spirits Group
Emilie Drexler
relations.actionnaires@mbws.com
Tel: +33 1 43 91 62 40
Press Relations
Image Sept
Claire Doligez - Laurent Poinsot
cdoligez@image7.fr – lpoinsot@image7.fr
Tel: +33 1 53 70 74 70
About Marie Brizard Wine & Spirits
Marie Brizard Wine & Spirits is a distinguished wine and spirits group with a strong presence in Europe and the United States. They balance tradition with innovation, exemplified by their brands with rich histories, accompanied by continuous modernization from their founding in 1755. This commitment to quality has given rise to an impressive range of market-leading brands, including William Peel, Sobieski, and Cognac Gautier. The company is also a solid member of the EnterNext© PEA-PME 150 index and is listed on Euronext Paris under the ticker FR0000060873 - MBWS.
Frequently Asked Questions
What is the purpose of the share buyback program?
The program is designed to enhance liquidity, stabilize share prices, and potentially increase shareholder value by enabling the company to repurchase its own shares under certain circumstances.
How many shares can Marie Brizard Wine & Spirits repurchase?
The company plans to buy back a maximum of 11,059,240 shares, amounting to approximately 9.88% of the total share capital.
What is the maximum price per share for the buyback?
The maximum unit price for the shares is set at €6, allowing for adjustments due to underlying shareholder equity changes.
How long will the buyback program last?
The buyback program is expected to extend over a period of 18 months, concluding in November 2026.
Who can I contact for more information about the program?
For inquiries, investors can reach out to Emilie Drexler at Marie Brizard Wine & Spirits, or contact the press relations team at Image Sept.
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