Vicat Partners with Kepler Cheuvreux for New Liquidity Agreement
Vicat Enters New Liquidity Agreement with Kepler Cheuvreux
Vicat, a prominent name in the building materials sector, has recently announced the implementation of a new liquidity agreement with Kepler Cheuvreux. This strategic move showcases Vicat's commitment to maintaining a robust trading environment for its shares listed on Euronext Paris.
A Transition from Previous Liquidity Contract
The liquidity contract that Vicat previously held with Natixis Oddo BHF was officially terminated. This decision was finalized on March 31, 2025, marking a significant shift in Vicat's market approach. The termination was executed after the market closed, paving the way for the new agreement with Kepler Cheuvreux.
Financial Resources in the Liquidity Account
As of the termination date, the liquidity account held substantial resources, including €1,372,168 and 17,619 shares. This financial backdrop is a key aspect of the new liquidity agreement and reflects the financial stability of Vicat in the competitive landscape.
Details of the New Agreement
On March 28, 2025, Vicat and Kepler Cheuvreux signed a new liquidity contract aimed at enhancing share liquidity of Vicat on Euronext Paris. This agreement is designed to adhere to all applicable legal frameworks, particularly regulations concerning market conduct, ensuring a transparent and fair market environment.
Legal Compliance and Provisions
The execution of this new agreement will strictly follow the regulations outlined in the European Union's market abuse directive, along with relevant provisions that govern market practices and admission requirements. Vicat is committed to maintaining high standards of compliance and governance in all its financial dealings.
Capital Allocations for Liquidity
The resources allocated to the liquidity account in the new agreement are notably higher, with a total of €3,172,168 and the same 17,619 shares. This strategic allocation demonstrates Vicat's focus on enhancing share activity and market presence.
Conditions for Execution Suspension
It's important to note that the execution of the new liquidity agreement will be subject to specific conditions as outlined in AMF decision n° 2021-01. This ensures that Vicat maintains oversight and agility in its liquidity management strategies.
About Vicat Group
For over 170 years, Vicat has been recognized as a leading player in the mineral and biosourced building materials industry. As a publicly listed entity on the Euronext Paris, part of the SBF 120 Index, Vicat is predominantly owned by the founding Merceron-Vicat family. The group is on a mission to achieve carbon neutrality in its operations by 2050, reflecting its commitment to sustainability and innovation.
Vicat operates in three core sectors: Cement, Ready-Mixed Concrete, and Aggregates, with related activities that support these essential industries. The group has a global footprint, with operations in 12 countries across various markets, employing close to 10,000 individuals, and generating impressive sales of €3,884 million recently. With a strong focus on a circular economy model, Vicat continuously strives to innovate and reduce the environmental impact of the construction industry.
Frequently Asked Questions
What is the new liquidity agreement for Vicat?
The new liquidity agreement is a partnership with Kepler Cheuvreux intended to enhance the liquidity of Vicat’s shares on Euronext Paris.
When did the previous liquidity contract end?
The previous liquidity contract with Natixis Oddo BHF ended on March 31, 2025.
What resources were in the liquidity account at the termination?
At termination, the liquidity account held €1,372,168 and 17,619 shares.
What is Vicat's goal regarding carbon neutrality?
Vicat aims to achieve carbon neutrality in its value chain by 2050, reflecting its commitment to sustainability.
In how many countries does Vicat operate?
Vicat operates in 12 countries, showcasing its global presence in the building materials industry.
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