Micropole is implementing its share buyback program approved by the Combined General Meeting of June 18, 2010, the terms of which were decided by the Board of Directors on September 22, 2010 as follows
Pursuant to Articles 241-1 et seq. of the General Regulations of the French Financial Markets Authority (Autorité des marchés financiers), the present description of the program describes the objectives and terms of the program for the repurchase by Micropole of its own shares within the framework of the authorization granted to it by the Combined General Meeting of June 18, 2010.
1. Date of the Shareholders' Meeting authorizing the buyback program and decision to implement itAuthorization ofthe program: Combined Shareholders' Meeting of June 18, 2010.Decision to implement: Board of Directors' meeting of September 22, 2010.
2. Number of shares and percentage of capital held by the issuer As of September 22, 2010, the company's capital was composed of 28,215,115 shares. 14,000 shares, i.e. 0.049% of the capital, were held by Micropole under a liquidity contract with an investment service provider and 1,118,873 shares, i.e. 4% of the capital, acquired during the previous share buy-back program.
3. As of September 22, 2010, Micropole held 14,000 shares under a liquidity contract concluded with an investment services provider, intended to stimulate the market or the liquidity of the share. The breakdown by objective of the other shares held, i.e. 1,118,873 shares, will be given in the next report of the Board to the General Meeting.
4. Objectives of the buyback program The objectives of this program are, in no order of priority:
- to cover stock option plans and other forms of share allocation to employees and/or officers of the Group in accordance with the terms and conditions laid down by law, in particular in respect of profit-sharing, a company savings plan or the allocation of free shares,
- the allocation of securities giving access to the company's capital in accordance with current regulations,
- the delivery or exchange of shares for external growth transactions,
- the reduction of the company's capital
5. Maximum percentage of capital, maximum number and characteristics of shares that the company proposes to acquire and maximum purchase price
The maximum purchase price is set at 1.30 euros per share (ISIN code FR0000077570).
Micropole will be entitled to acquire a maximum of 6% of the number of shares making up its capital, this limit being assessed on the basis of the capital at the time of the purchases, which on September 22, 2010 corresponds to 1,702,638 shares. The maximum amount spent on these purchases may not exceed 2,213,430 euros.
6. Duration of the buyback program
This description has been sent to the AMF. It is available free of charge at the company's registered office at 91/95 rue Carnot, 92 300 Levallois-Perret, France and on the Micropole and AMF websites. A copy will be sent on request
