Yahoo Finance IGE+XAO: Reduction in share capital by cancelling 7,586 treasury shares, representing 0.53% of the share capital.
Toulouse, on 17 April 2018, IGE+XAO Group announces:
Reduction in share capital
by cancelling 7,586 treasury shares,
representing 0.53% of the share capital.
In its session on 28 March 2018, the Board of Directors made use of the powers granted to it by the Combined Shareholders` Meeting of 26 January 2018, and decided to reduce, effective 30 March 2018, the share capital of IGE+XAO SA by cancelling 7,586 shares representing 0.53% of the share capital.
This decision is compliant with Article L 225-209 al 4 of the French Commercial Code according to which treasury shares can be cancelled up to 10% of the Company`s share capital in a 24-month period. Over the last 24 months, no reduction in the Company`s share capital has taken place.
This operation does not affect the consolidated equity of the IGE+XAO Group from an accounting standpoint. With regards to the individual accounts, the Board of Directors has decided to allocate the difference between the purchase value of the cancelled securities which is 477,573.27 euros and their nominal amount, i.e. an amount of 448,367.17 euros to the "Other reserves" account which will change from 22,222,208.29 euros to 21,773,841.12 euros.
The number of securities comprising the share capital will then become 1,420,214 shares.
Date | Total number of shares | Total number of voting rights |
30 March 2018 | 1,420,214 | Brut (1) : 1,420,883 |
(1) In accordance with the last paragraph of Article 222-12 of the General Regulations of the AMF, the total gross number of voting rights is calculated based on all of the shares that comprise the share capital.
(2) The total net number of voting rights is calculated based on all of the shares comprising the share capital less the shares that do not have voting rights (treasury shares, in particular).
ABOUT THE IGE+XAO GROUP:
For over 31 years, the IGE+XAO Group has been a software publisher designing, producing, selling and supporting a range of Computer Aided Design (CAD), Product Lifecycle Management (PLM) and Simulation software dedicated to Electrical Engineering. These software products have been designed to help companies in the design and maintenance of the electrical part of any type of installation. This type of CAD/PLM/Simulation is called "Electrical CAD/PLM/Simulation". Since mid 2014 with Prosyst take over, IGE+XAO also offers a complete software range for electrical installation functional simulation. IGE+XAO employs 390 people around the world on 33 sites and in 22 countries, and has more than 88,600 licences distributed around the world. IGE+XAO is a reference in its field. For more information: http://www.ige-xao.com
IGE+XAO GROUP CONTACTS
IGE+XAO Group, 16 boulevard Deodat de Severac - CS 90 312 - 31 773 COLOMIERS CEDEX
Phone: +33 (0)5 62 74 36 36 - Fax: +33 (0)5 62 74 36 37
Site Web: www.ige-xao.com
Listed on Euronext Paris - Compartment B - Indice CAC Mid & Small® - ISIN FR 0000030827
Analysts/ Investors: Alain Di Crescenzo (Chairman of the Group): +33 (0)5 62 74 36 36
Press Contact: Rozenn Nerrand-Destouches: +33 (0) 5 62 74 36 02
IGE+XAO: Reduction in share capital by cancelling 7,586 treasury share
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Source: IGE+XAO via GlobeNewswire
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