REGIONAL AGRICULTURAL CREDIT BOARD
THE HAPPINESS OF ILLE-ET-VILAINE
cooperative society variable capital insurance brokerage company approved as a credit institution, registered with ORIAS with number 07 023 057.
4, rue Louis Braille – 35 136 Saint-Jacques de la Lande
775 590 847 RCS RENNES
Description of the own cooperative investment certificate repurchase program authorized by the general assembly ordinary members
related to 2nd4 March 2022nd.
241-2 of the General Regulations of the Autorité des Marchés Financiers. Pursuant to the article, this document constitutes the definition of the buyback program approved by the ordinary general meeting of 26 March 2022.
I – Breakdown of targets by shares held
As of April 30, 2022, 11,648 CCIs (representing 0.51% of all CCIs that make up the capital of the Regional Bank and 0.19% of the capital by volume) are owned by the Regional Bank.
These CCIs are distributed as follows:
– 11,648 CCI is held under a liquidity agreement approved by the AMF and in accordance with ethical rules signed with investment services provider Kepler Cheuvreux;
– 0 CCI is assigned to the cancel target.
II – Purposes of the buyback program
The authorization granted by the ordinary general meeting of 24 March 2022 is intended to allow the Regional Bank of Crédit Agricole Ille-et-Vilaine to operate outside the market on the stock market or cooperative investment certificates for any purpose. Duty permitted or permitted by applicable law or regulation.
In particular, the District Bank may use this authority to:
- Ensuring that the CCI market is stimulated by an investment services provider under a liquidity contract, in accordance with market practice adopted by the Autorité des Marchés financiers;
- continue with the cancellation of acquired CCIs in whole or in part.
III – The maximum share of the capital, the maximum number and characteristics of the securities that can be repurchased, and the maximum purchase price
1- Maximum capital share to be received by the Regional Bank
As of April 30, 2022, the Regional Bank is authorized to obtain a series of cooperative investment certificates, not exceeding 10% of the total number of cooperative investment certificates constituting its capital at the date of completion of the acquisitions. It represents 227,724 cooperative investment certificates.
2 – Characteristics of the relevant securities
Types of securities repurchased: cooperative investment certificates listed on Euronext Paris’ Eurolist (section C)
Tag: CCI of Crédit Agricole d’Ille-et-Vilaine
ISIN code: FR 0000045213
3 – Maximum purchase price
The acquisition of own CCIs by Caisse Régionale under the buyback program cannot exceed 150 Euros per share.
IV – Duration of the Program
L. 22-10-62 of the Commercial Code. article and 9.Ipearl Pursuant to the decision approved by the ordinary general assembly dated March 24, 2022, this buyback program can be implemented until its renewal by the next general assembly, and in any case, for a maximum of 18 months from the date of the ordinary general assembly. meeting, that is, by September 24, 2023 at the latest.
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