The Extraordinday General Meeting of shareholders of December 4, 2017 gave the following authorization to the Board of Directors (article 10 par. 2 of the articles of associations):
Pursuant to the decision of the Extraordinary General Meeting of December 4, 2017, the Board of Directors is authorized to acquire, on the stock exchange or otherwise, the shares of the company with a maximum of 10% of the issued shares, fully paid up, at a unit price which shall not be lower than 20% under the lowest closing stock market price of the company during the 12 trading months preceding such acquisition and which shall not be higher than 20% above the highest closing stock market price of the company on Euronext Brussels during the 20 trading days preceding such acquisition. Such authorization is valid for a period of 5 years from the date of the publication in the annexes to the Belgian State Gazette of the amendment of the articles of association decided by the Extraordinary General Meeting of December 4, 2017.
On October 24, 2018, EVS Broadcast Equipment announced the decision of its Board of Directors to start a share buyback program of its outstanding shares for a maximum amount of EUR 10 million.
The share buyback program is implemented in accordance with the authorization set forth in article 10 of the Articles of Association of the company. It started on October 25, 2018, for a period of maximum 2 years.
- March 4, 2019: Summary of the 2018-2019 share buyback program
As of March 4, 2019, EVS Broadcast Equipment owns 239,389 own shares.
Previous share buybacks: