FDE buys back c. 0.63% of his share issued capital via its buy-back program
9 May 2023
Pontpierre, France, May 9th, 2023 – FDE (Euronext: FDE – ISIN: FR0013030152), a carbon negative energy producer, announces that it has bought back on May 8th, 2023, 32 718 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.
This buy-back took place over the counter and represents an envelope of €1.15 million at an average price of €35.15 per share. Compared to the average closing price of the stock for the 20 days preceding My 8th, 2023 (i.e. a price of €36.94), the price per share in the context of this share buyback implies a discount of 4.85%
|Issuer Name||Issuer ID||Transaction Date||Financial instrument ID||Total daily volume
(# of shares)
|Daily VWAP of purchased shares (€)||Market|
|FDE SA||969500R4CLSQFTYYI535||08-05-23||FR0013451333||32 718||35.15||MIC code (ISO 10383)|
Following this operation, FDE holds 1.62% 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 €100 million with an EBITDA reaching over €50 million, combined with 10 million tons of CO2eq emissions avoided per annum.
FY 2023 annual sales – July 20th 2023