Lagardere S.C.A.
17 July 2006
STEPPING-UP OF SHARE BUYBACK PROGRAM
Lagardere SCA is announcing that with effect from today, Monday July 17, 2006,
it is stepping up its share buyback program.
This share buyback program falls within the scope of the Fifth Resolution
adopted by the Annual General Meeting of the shareholders held on May 2, 2006, a
description of which was posted on the website of the Autorite des Marches
Financiers on May 18 and July 13, 2006, and also on the company's own website.
This resolution authorizes the Managing Partners to trade in the company's
shares during a period of eighteen months from the date of the Annual General
Meeting.
This initiative underlines the confidence of the Managing Partners of Lagardere
SCA in the health of the Group's asset portfolio, and in its current and future
potential to deliver growth and profitability.
It will also help to optimize the Group's balance sheet structure.
The use to which the repurchased shares are put will be in compliance with the
objectives authorized by the Annual General Meeting. In particular, they may be
retained and subsequently offered in exchange or as consideration for possible
future mergers or acquisitions. If no suitable merger or acquisition
opportunities arise, the shares may be cancelled.
These repurchases are in addition to the periodic acquisitions already made
off-market by Lagardere SCA of its own shares to meet its obligations under
stock option plans (see the press releases of November 3 and November 10, 2005).
Additional information:
The Annual General Meeting authorized the company to repurchase shares up to a
maximum of 10% of the share capital, at a maximum purchase price of €80 per
share.
As of June 30, 2006, Lagardere SCA held 3.29 million of its own shares,
representing 2.31% of the share capital.
Paris, July 17, 2006
The Lagardere Group is a market leader in the media sector (books, press,
audiovisual and distribution/retailing of cultural products). The Group also has
interests in the high technology sector via a 14.95% stake in EADS.
In 2005, the Group posted revenues of €13,013m.
The Lagardere Group is listed on the Premier Marche of the Paris Bourse.
Press Contacts
Thierry Funck-Brentano tel. +33 (0)1 40 69 16 34 tfb@lagardere.fr
Arnaud Molinie tel. +33 (0)1 40 69 16 72 amolinie@lagardere.fr
Investor Relations Contact
Laurent Carozzi tel. +33 (0)1 40 69 18 02 lcarozzi@lagardere.fr
This information is provided by RNS
The company news service from the London Stock Exchange
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