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According to the article 207 of the Royal Decree of January 30 th , 2001 in execution of the Companies Act, as amended on April 26 th , 2009, this section presents the information relating to the acquisition of own shares by GBL.

The Extraordinary General Meeting of 26 April 2016 renewed the authorisation given to the Company’s Board of Directors, for a period of five years.

At the latest on the 7 th trading day after the transaction, this information must be disclosed and simultaneously notified to the FSMA.


Treasury shares

Date % of issued capital # Own shares
31 December 2016 3.7% 5,924,416
31 December 2015 3.8% 6,076,926
31 December 2014 3.8% 6,147,123
31 December 2013 3.8% 6,308,090
31 December 2012 3.8% 6,134,514
31 December 2011 3.8% 6,099,444
31 December 2010 3.8% 6,099,444
31 December 2009 3.8% 6,054,739

 

List of the last weekly purchases

Type Transaction date #Acquired shares Average price in EUR Min. price in EUR Max. price in EUR Amount in EUR
LA 27/02/2017 1,750 79.46 79.29 79.63 139,048
LA 28/02/2017 5,000 79.68 79.27 80.01 398,410
LA 02/03/2017 11,250 81.54 81.23 81.76 917,355
LA 03/03/2017 1,000 81.50 81.28 82.00 81,498
  Total 19,000 80.86     1,536,311
LA : Liquidity Agreement / SBP : Share buyback program

 

Access the press releases related to share buybacks

 

Legal details

The Extraordinary General Shareholders’ Meeting of 12 April 2016 renewed the authorisation given to the Company’s Board of Directors, for a period of five years, to buy a maximum of 32,271,657 GBL shares, in accordance with the legal provisions. The unit price may not be more than 10% lower than the lowest price in the 12 months preceding the transaction, and more than 10% higher than the highest share price out of the last 20 quotes.

This authorisation also covers acquisitions by GBL’s direct and indirect subsidiaries.

The same Extraordinary General Shareholders’ Meeting also renewed the Board of Directors’ authorisation to acquire and dispose of its treasury shares when such an acquisition or disposal is necessary to prevent serious and imminent harm to the Company.

Under the Company’s Articles of Association, the Board of Directors may also dispose of GBL shares on or off the stock market without the prior intervention of the General Shareholders’ Meeting and with unlimited effect.

Within this context, the Company has set up a liquidity agreement to improve the market liquidity of the GBL share. This agreement is executed on a discretionary basis by a third-party on behalf of GBL within the limits of the authorisation granted by the 26 April 2016 General Shareholders’ Meeting and in compliance with the applicable laws.