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Corporate Financial Communication

Amundi launches a share buyback programme as part of the Long Term Incentive plans

United Kingdom, 20 November 2018 by Amundi pays

Paris, 20 November 2018

Having obtained the necessary regulatory authorisation, Amundi announces the launch of a share buyback programme, via a mandate agreed with an Investment Services Provider (Kepler Cheuvreux)

In accordance with the authorisation granted by the Ordinary General Meeting of 15 May 2018 and delegated by the Board of Directors to the Chief Executive Officer, the share buyback programme will have the following features:

 

  1. Purpose

Shares will be acquired for the purpose of covering the performance share allocation plans that have been set up for the Group’s key managers.

In order to avoid dilution for existing shareholders, Amundi has decided not to issue any new shares, but to buy back the shares that will be delivered in 2019, 2020 and 2021 (following a vesting period and subject to performance and presence conditions[1]).

 

  1. Maximum number of shares

The number of shares bought back is not expected to exceed two million1, representing 1% of the share capital (which is equivalent to approximately €100 million, based on the current share price).

 

  1. Maximum price and amount

The maximum price at which these shares can be bought back will be €100 per share.

The total amount allocated to this programme may not exceed €200 million. 

 

  1. 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.

 

  1. Duration of the share buyback programme

This programme will run from 21 November 2018 until 15 November 2019.

 

 

As a reminder, Amundi already holds 199,600 shares as of 31 October 2018 under a liquidity contract agreed with Kepler Cheuvreux.

Footnotes

 

  1. ^ [1] The number of attributed shares will be definitive only at the time of their delivery.
Contact

Natacha Andermahr-Sharp

Deputy Head of Communications

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About Amundi

About Amundi

Amundi, the leading European asset manager, ranking among the top 10 global players[1], 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.

With its six international investment hubs[2], 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 5,400 employees in 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €1.9 trillion of assets[3].

Amundi, a trusted partner, working every day in the interest of its clients and society

www.amundi.com    

 

Footnotes

 

  1. Source: IPE “Top 500 Asset Managers” published in June 2022, based on assets under management as at 31/12/2021
  2. Boston, Dublin, London, Milan, Paris and Tokyo
  3. Amundi data including Lyxor as at 30/06/2022

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