The €200 million share repurchase agreement entered on March 26, 2019, with Goldman Sachs International (“Goldman Sachs”), initiated on April17, 2019,was completed on December 17, 2019. Between April 17, 2019 and December 17, 2019, in the context of this programme, Wendel acquired a total of1,645,338ordinary shares (representing 3.55% of outstanding shares count before the launch of the programme) at an average adjusted price of€121.5555.As a reminder, on April 23, 2019, Wendel made a €200 million payment to Goldman Sachs and received1,169,399 of its own ordinary shares. These shares were canceled on April 25, 2019.Upon completion of the agreement, Wendel received from Goldman Sachs 475,939 additional ordinary shares. This additional number of shares has been determined on the basis of the volume-weighted average price per share, less a discount, over the execution period.The additional 475,939 ordinary shares were delivered on December 19, 2019 were canceled on the same day. Wendel capital will thus be composed of 44,682,308 shares. It is recalled that the 913,184 shares currently held in treasury acquired prior to this share repurchase agreement and allocated to other objectives, are not intended to be cancelled.The liquidity contract, which had been suspended since April 17, 2019, will resume its activity starting from December 20, 2019.
About Wendel
Wendel is one of Europe’s leading listed investment firms. The Group invests in Europe, North America and Africa in companies which are leaders in their field, such as Bureau Veritas, Cromology, Stahl, IHS, Constantia Flexibles, Allied Universaland Tsebo. Wendel plays an active role as a controlling or lead shareholder in these companies. We implement long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Wendel is listed on Eurolist by Euronext Paris. Standard & Poor’s ratings: Long-term: BBB, stable outlook –Short-term: A-2 since January 25, 2019 Moody’s ratings: Long-term: Baa2, stable outlook –Short-term: P-2 since September 5, 2018 Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of “Grand Mécène de la Culture” in 2012.
For more information: Follow us on Twitter @WendelGroup
Press contacts Analyst and investor contacts
Christine Anglade-Pirzadeh: +33 (0)1 42 85 63 24
Olivier Allot: +33 (0)1 42 85 63 73
c.anglade@wendelgroup.como.allot@wendelgroup.com
Caroline Decaux: +33 (0)1 42 85 91 27
Lucile Roch: +33 (0)1 42 85 672
c.decaux@wendelgroup.coml.roch@wendelgroup.com
