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.
of issued capital as of 31/12/2016
Own shares as of 31/12/2016
|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 : Liquidity Agreement / SBP : Share buyback program
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.