Implementation of share buy-back programme as agreed by AGM date 26 September 2008

  • September 26, 2008Regulated information

In its meeting taking place on September 26th, after the Annual General Meeting (AGM), Solucom's Management Board decided the immediate implementation of the share-buy back programme authorised by the AGM in application of l225-209 et seq. of the French commercial code, Regulation no. 2273/2003 of the European Commission dated 22 December 2003 implemented on October, 13th 2004 and l2005-842 of July 26th 20005, and Articles 241-1 to 241-6 of the general regulations of the Autorité des Marchés Financiers (French stock market regulator).

This share buy-back programme is detailed in the reference document 2007/2008 published on June 30th 2008.

Principal caracteristics of this programme:

  • TITLES
    Concerns Solucom shares listed on NYSE Euronext – compartment C (ISIN FR0004036036).
  • MAXIMUM PURCHASE % OF CAPITAL
    Purchase may not exceed the limit of 10% of the share capital, excluding self- checking, and 5% if following objective 2.
  • MAXIMUM PURCHASE PRICE
    Purchases shall be realised at a maximum price of € 40 (excluding excluding purchase expenses acquisition charges)
  • OBJECTIVES
    • Ensure the liquidity and drive the secondary market for Solucom shares by the involvement of an independent intermediary based on a liquidity contract in accordance with the ethics charter recognised by the Autorité des Marchés Financiers;
    • Hold shares to be offered as consideration for any future external acquisitions or mergers;
    • Allocate shares to employees and/or directors of the Company and/or its affiliated companies in accordance with legislation, notably for purposes of employee profit sharing, a company savings or shareholding plan for employees, stock subscription options or to issue bonus shares;
    • Issue shares on exercise of securities giving access to the Company's share capital.
  • PROGRAMME DURATION
    • For a period expiring on the date of the General Meeting convened to approve the financial statements of the financial year ending 31 March 2009, without this period exceeding 18 months with effect from today's date;

Solucom: IT to serve our clients' performance results
Solucom is an IT & management consultancy.
Solucom also gives advice to large corporations regarding their IT systems strategies, and assists them in defining and steering their IT projects. Upstream, Solucom also gives advice to companies and telcos for their marketing strategies, business performance, and core business transformation projects
Its positioning is summarised by its mission statement: IT to serve our clients' performance results.

Solucom is the partner of the largest French companies in their national and international projects:
Air France-KLM, Alstom, ANPE, AP-HM, Banque de France, BNP Paribas, Bouygues Telecom, Carrefour,  Crédit Agricole, EDF, GDF-SUEZ, La Poste, L'Oréal, Ministries of the Economy and Finance, of National Education,  and of the Interior, MMA, Neuf Cegetel, Orange, RTE, Sanofi-Aventis, SFR, SNCF, Société Générale, Suez, Total.
Solucom was awarded the "innovative company" qualification by OSEO Innovation.
Solucom is listed on compartment C of the Paris Euronext market of NYSE Euronext.
ISIN code: FR0004036036 – LCO; ICB: 9533 – Services Informatiques

All of our financial information is published on www.solucom.fr
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LCO 
NYSE Euronext

 

Solucom
Pascal IMBERT
Chairman of the Board
Phone: +33 (0)1 49 03 25 00
Pascale BESSE
Finance Director
Phone: +33 (0)1 49 03 25 00
Actus Finance
Mathieu OMNES
Analyst & investor relations
Phone: +33 (0)1 72 74 81 87
Nicolas BOUCHEZ
Press contact
Phone: +33 (0)1 72 74 82 24

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Regulated information

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