Verallia has finalised the reduction of the amount allocated to the liquidity agreement initially entered into with Rothschild Martin Maurel on December 20, 2019 and which entered into force on January 6, 2020, in compliance with the provisions of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of April 16, 2014, Commission Regulation (EU) No. 2016/908 of February 26, 2016, articles L. 225-209 et seq. of the French Commercial Code, Decision No. 2018-01 of July 2, 2018 of the Autorité des Marchés Finaciers, the French Financial Markets Authority, (the AMF Decision) and the provisions referred to therein.
Under this amendment, the amount allocated to the liquidity account has been reduced from EUR 5,000,000 (EUR five million) to EUR 1,200,000 (EUR one million two hundred thousand). This reduction reflects the evolution in the free float and liquidity observed since the closing of the voluntary public tender offer initiated by BWGI.
The execution of the liquidity agreement may be suspended under the conditions set out in Article 5 of the AMF Decision. It may also be suspended at Verallia’s request for technical reasons, such as the counting of shares with voting rights before a General Meeting or the counting of shares giving entitlement to dividends before their detachment, for a period specified by Verallia.
The liquidity agreement may be terminated at any time by Verallia, or with a notice period by Rothschild Martin Maurel under the conditions stipulated in the liquidity agreement.