Energia
McPhy Energy: Description of the share buyback program to be authorized by the Shareholders' General Meeting on May 24, 2023
Autorité des Marchés Financiers (the "Program") which will be submitted to the authorization by the Shareholders' General Meeting to be held on 24 May 2023 (the "Meeting").
The implementation of the Program falls within the framework, in particular, of Articles L. 22-10-62 and seq . of the French Commercial Code, Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse and Articles 241-1 to 241-7 of the General Regulation of the Autorité des Marchés Financiers .
As of April 30, 2023, all treasury shares held by the Company (i.e., 78,461 shares representing 0.28 % of its share capital) were held under the liquidity contract and thus all allocated to the objective of the animation of the market.
The Company has not used derivatives to repurchase its own shares.
It is specified that the transactions carried out under the buyback program in effect to date are detailed in the Company's 2022 universal registration Document (paragraph 7.5.2).
The objectives of the Program intend to enable the Company to purchase its own shares for the purpose of:
The Program concerns the Company's ordinary shares (ISIN code: FR0011742329) admitted to trading on Euronext Paris.
The maximum number of shares that may be purchased may not exceed 10% of the Company's share capital (or 5% in the event of acquisition with a view to their retention and subsequent remittance in payment or exchange in the context of a merger, spin-off, or contribution).
The purchase price may not exceed €60 per share (excluding fees and commission).
The maximum amount of funds that can be allocated is set at €10,000,000.
The purchases, disposals, exchanges or transfers of these shares may be carried out, in compliance with the rules laid down by the Autorité des Marchés Financiers , on or off the market, at any time, except during a public offer period on the Company's share capital, and by any means, in one or several times, and notably by transferring blocks of shares, by exercising any financial instrument or using derivatives.
This authorization would be granted for a period of eighteen months from the Meeting and will replace the prior authorization of the Shareholders' General Meeting of May 19, 2022.
Specialized in hydrogen production and distribution equipment, McPhy is contributing to the global deployment of low-carbon hydrogen as a solution for energy transition. With its complete range of products dedicated to the industrial, mobility and energy sectors, McPhy offers its customers turnkey solutions adapted to their applications in industrial raw material supply, recharging of fuel cell electric vehicles or storage and recovery of electricity surplus based on renewable sources. As designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production centers in Europe (France, Italy, Germany). Its international subsidiaries provide broad commercial coverage for its innovative hydrogen solutions. McPhy is listed on Euronext Paris (compartment B, ISIN code: FR0011742329, MCPHY).
@McPhyEnergy
As per the 16 resolution ( Authorisation and delegation to enable the Company to trade in its own shares - Determination of the terms in accordance with Article L. 22-10-62 of the French Commercial Code ).
Liquidity contract, as of January 29, 2021 (as implemented as from 1 February 2021); concluded with Natixis Oddo BHF.
Attachment
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti