Repurchase treasury shares

This page provides information on the repurchase of treasury shares, in accordance with circular FSMA_2019_26.

1. Authorisation to repurchase treasury shares

For several years, the Extraordinary General Meeting of Shareholders has granted authorisation to the Board of Directors of Etn. Fr. Colruyt NV to repurchase treasury shares.
The Extraordinary General Meeting of Shareholders of 10 October 2019 decided to renew the aforementioned authorisation of the Board of Directors for a period of 5 years.

On several occasions, the Board of Directors has made use of the authorisation granted to it by acquiring treasury shares on the stock exchange via financial institutions. The Board of Directors authorises the Chairman and the CFO of the company to determine the execution terms within which treasury shares can be purchased.

The repurchase of shares takes place in accordance with article 7:215 of the Companies and Associations Code, as well as in accordance with articles 8:3 and 8:4 of the Royal Decree of 29 April 2019.

The purchase threshold to maximum 20% of the total number of shares issued has been cancelled. From now on, the maximum threshold will be determined exclusively by the amount of resources available for distribution. The authorisation by the General Meeting shall be adopted by a 75% majority of votes cast.

In accordance with article 7:217 §1 of the Companies and Associations Code, the voting rights attached to the treasury shares or no-par stock held by the company or its subsidiaries are suspended.

2. Reporting duty

In accordance with article 8:4 of the Royal Decree of 29 April 2019, information on purchasing transactions executed is reported to the Financial Services and Markets Authority (FSMA), at the latest on the seventh trading day following the date of the transaction, and is published by the company simultaneously through a press release on our Colruyt Group website.