Share buy back

RNS Number : 9832G

Compagnie de Saint-Gobain

02 June 2017

 

PRESS RELEASE

June 2, 2017

Saint-Gobain buys back 1 MILLION SHARES in Wendel's accelerated bookbuilding concerning 20 million

Saint-Gobain shares

Saint-Gobain announces that it has bought back 1 million of its own shares (c.0.2% of its share capital) at a price of 50 million euros in an accelerated bookbuilding process completed by Wendel. This buyback was made at the placement price as part of the existing share buyback program authorized by Saint-Gobain's shareholders at the AGM of June 2, 2016. All shares so repurchased will be cancelled.

Following completion of this transaction and future cancellation of the shares so repurchased, Wendel will retain a stake of approximately 2.5% of Compagnie de Saint-Gobain's share capital and 4.5% of its voting rights.

The transaction launched by Wendel has given Saint-Gobain the opportunity to buy back additional shares at attractive terms in line with its long term buyback objective as part of the Group's repurchase program on the basis of which it has bought back more than 2 million shares during May 2017 at an average price slightly below 50 euros.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.

€39.1 billion in sales in 2016

Operates in 67 countries

More than 170,000 employees

www.saint-gobain.com 
@saintgobain

Analyst/Investor relations		Media relations
Vivien Dardel Florent Nouveau Floriana Michalowska	[phone]  [phone]  [phone]	Susanne Trabitzsch	[phone]

 

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