Renewal of the share buy-back programme
Extract from the offering circular drawn up in accordance with regulation COB n° 98-02, modified by regulation 2000-06.
In compliance with the regulations that oblige us to issue information before the present resolution is voted at the Ordinary and Extraordinary General Meeting convened for 8th June 2004, the Groupe Bourbon has published the following summary of the aforementioned offering circular.
AMF Visa: 04-462 dated 19 May 2004
Issued by: Groupe Bourbon
Buy-back programme:
- Securities concerned: shares listed on the Second Marché of Euronext Paris
- Maximum percentage of capital to be acquired, as authorised by the General Meeting: 5%. The maximum percentage to be acquired is 4.96%, given the 2,583 treasury shares held on 30th April 2004.
- Maximum unit purchase price €130 and minimum unit selling price €70.
- Aims of the buy-back programme in descending order of priority:
- to adjust share prices by systematically going against market trends,
- to buy and sell on the stock market depending on market conditions,
- to use all or some of the shares acquired for distribution to employees or directors of the company and its group, under the terms and conditions laid down by the law (stock options, employee profit-sharing schemes),
- using shares as payment or exchange as part of external growth or financial development operations.
- Duration of the programme: eighteen months, as from the Combined Ordinary and Extraordinary General Meeting held on 8th June 2004.
The offering circular endorsed by the AMF (the French stock market regulator) is available on request from the company Groupe Bourbon, 33 rue du Louvre, 75002 Paris, from the headquarters, La Mare, 97438 Ste Marie (La Réunion,), on the company’s website www.groupe-bourbon.com or on the AMF’s site at amf www.amf-France.org.