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INFORMATION ABOUT THE COMPANY AND SHARE CAPITAL
7
INFORMATION ON THE SHARE CAPITAL
7.2.12
CHANGE IN SHARE BUYBACKS IN 2015
The table below provides a summary of Assystem’s use of its share buyback programmes during 2015:
Balance of treasury shares held at 31/12/2014
388,117
Number of shares used per end purpose
Liquidity contracts and share buyback mandate:
•
Shares purchased under the liquidity contract
+343,326
•
Shares purchased under the share buyback mandate
+486,451
•
Shares sold under the liquidity contract
-373,988
•
Shares cancelled during the year
0
Sales outside of liquidity contracts
-105,057
For granting shares to salaried employees or Company officers:
•
Shares delivered under free or performance share award plans
-58,700
•
Shares delivered under stock option plans
0
Acquisitions:
•
Shares used to finance acquisitions
0
Shares cancelled:
•
Shares cancelled during the year
0
•
Shares cancelled during the past 24 months
0
Balance of treasury shares held at 31/12/2015
680,149
Value of shares held at 31/12/2015 at the average purchase price
Additional information:
•
Average purchase price
18.06
•
Average sale price
13.04
•
Transaction costs
€190,002
7.2.13
LIQUIDITY CONTRACT
On 1
st
of December 2007, Assystem entered into a liquidity contract
with Oddo that complies with the AMAFI Code of Conduct recognised
by the AMF.
These purchases promote the liquidity of shares, to implement, honour or
cover share option or free share programmes or other share allotments
made to employees and officers of the Group.
At 31 December 2015, the liquidity account held the following assets:
●
9,906 shares;
●
€1,215,082.64 in cash.
7.2.14
SHARES HELD BY THE COMPANY
(OUTSIDE OF LIQUIDITY CONTRACTS)
On 22 December 2014, the Company appointed Exane BNP Paribas
to acquire by 30 June 2015 on Euronext Paris, in successive purchases,
either on the open market or in block trades, a maximum of 300,000
Assystem shares at a maximum price per share equal to the lower of
the following amounts:
●
€20 (twenty euros);
●
the higher of either the last quoted share price or the best offer price
posted in the central order book when the trade is executed.
On 25 June 2015, the Company renewed this mandate up to
11 January 2016 for a maximum of 500,000 Assystem shares at the
same maximum price per share as indicated above.
During 2015, Exane BNP Paribas purchased 486,451 shares within
the framework of the indicated successive mandates.
168
ASSYSTEM
FINANCIAL REPORT
2015