FDE buys back c. 1% of his share issued capital via its buy-back program
3 April 2023
Pontpierre, France, April 3rd, 2023 – FDE (Euronext: FDE – ISIN: FR0013030152), a carbon negative energy producer, announces that it has bought back on March 24th, 2023, 51,282 of its shares.
FDE initiated the implementation of the share buyback program in accordance with its announcement made on January 30th, 2023 and the delegation of authority adopted by the Annual General Meeting of Shareholders of November 30th, 2022 (press release dated on January 30th 2023).
This buy-back took place over the counter and represents an envelope of €2 million at an average price of €39 per share. Compared to the average closing price of the stock for the 20 days preceding March 24th, 2023 (i.e. a price of €40.2), the price per share in the context of this share buyback implies a discount of 2.97%
|Issuer Name||Issuer ID||Transaction Date||Financial instrument ID||Total daily volume
(# of shares)
|Daily VWAP of purchased shares||Market|
|FDE SA||969500R4CLSQFTYYI535||24-03-23||FR0013451333||51 282||39||MIC code (ISO 10383)|
Following this operation, FDE holds 0.99% of its capital (excluding its own shares held under the liquidity contract).
This transaction is fully financed with available cash and will not affect the financial capacity of the group, still focused on the implementation of its various organic and external growth projects.
FDE reiterates its FYE 2026 objectives of annualized revenues exceeding EUR 100 million with an EBITDA reaching over EUR 50 million, combined with 10 million tons of CO2eq emissions avoided per annum.
Q3 2022 sales – April 25th 2023