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Business Wire
2 days ago
- Business
- Business Wire
Legrand Strengthens Its Positions as World Champion in Datacenters With the Acquisition of Linkk Busway Systems in Asia
LIMOGES, France--(BUSINESS WIRE)--Regulatory News: Legrand (Paris:LR) is pursuing its active bolt-on acquisition strategy with today's announcement of Linkk Busway Systems 1. Linkk Busway Systems is an Asian reference specialist in power busbars, particularly for datacenters' grey space. Based in Malaysia, in Beranang, Selangor, Linkk Busway Systems employs over 240 people and generates an annual revenue of around €45 million. Benoît Coquart, Legrand's Chief Executive Officer; commented: 'We are thrilled to announce this acquisition, our third since the beginning of the year, and the second one in the fast-growing datacenter market, which already accounted for 20% of Group proforma sales in 2024. It is fully in line with our strategic ambitions for 2030, in particular the strengthening of our positions in buoyant segments linked to the energy and digital transition.' KEY FINANCIAL DATES 2025 first-half results : July 31, 2025 ''Quiet period 2 ' starts : July 1, 2025 ABOUT LEGRAND Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial, and datacenter markets makes it a benchmark for customers worldwide. The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing a strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings that include products with enhanced value in use (energy and digital transition solutions: datacenters, digital lifestyles and energy transition offerings). Legrand reported sales of €8.4 billion in 2023. The company is listed on Euronext Paris and is a component stock of the CAC 40, CAC 40 ESG and CAC SBT 1.5 indexes. (code ISIN FR0010307819). 1 Subject to customary closing conditions 2 Period of time when all communication is suspended in the run-up to publication of results
Business Wire
27-05-2025
- Business
- Business Wire
Legrand: De scription of the Share Buyback Program Approved by the Combined Ordinary and Extraordinary General Meeting of Shareholders on May 27, 2025
LIMOGES, France--(BUSINESS WIRE)--Regulatory News: Legrand (Paris:LR) is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial, and datacenter markets makes it a benchmark for customers worldwide. The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing a strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings that include products with enhanced value in use (energy and digital transition solutions: datacenters, digital lifestyles and energy transition offerings). Legrand reported sales of €8.6 billion in 2024. The company is listed on Euronext Paris and is a component stock of the CAC 40, CAC 40 ESG and CAC SBT 1.5 indexes. (code ISIN FR0010307819). The Board of Directors of Legrand ('the Company ') met on May 27, 2025 and agreed to set up a share buyback program as authorized by shareholders at the Ordinary and Extraordinary General Meeting held on May 27, 2025. Established in accordance with articles 241-1 and following of the General Regulation of the French Financial Markets Authority (Autorité des Marchés Financiers), this description is drawn up for the purpose of setting out the objectives and terms of Legrand's share buyback program set up by the Board of Directors of Legrand met on May 27, 2025 (' the Share Buyback Program '), pursuant to the authorization granted by the above-mentioned General Meeting of Shareholders. I. Number of shares and percentage of share capital held by the Company On May 23, 2025, the Company's share capital consisted of 262,245,733 shares. At the same date, the Company held 580,409 of its own shares. II. Allocation by purpose of securities held by the Company On May 23, 2025, the 580,409 own shares held by the Company were allocated by purpose as follows: - 48,750 shares are allocated to a liquidity agreement that complies with the Code of Ethics recognized by the French Financial Markets Authority (Autorité des marchés financiers) and is concluded with an independent investment services provider, and - 531,659 shares are allocated to the implementation of any performance share plans under the provisions of articles L. 225-197-1 and seq. and L.22-10-59 and L.22-10-60 of the French Commercial Code. Legrand is considering buying back its own shares, or having them bought back for the purposes of: ensuring the liquidity and active operation of the market in Company shares through an investment service provider, acting under a liquidity agreement in accordance with market practices recognized by the Autorité des Marchés Financiers, implementing (i) any Company stock option plans in accordance with Articles L.225-177 et seq. of the French Commercial Code or any other similar plans, (ii) any employee share ownership transactions reserved for members of a Company or Group savings plan in accordance with Articles L.3332-1 et seq. of the French Labor Code or providing for free share awards as a Company contribution and/or in substitution for the discount according to applicable laws and regulations, (iii) free share awards pursuant to Articles L.225-197-1 et seq., L.22-10-59 and L.22-10-60 of the French Commercial Code, and carry out any hedging transactions relating to those transactions, at such times as the Board of Directors or the person acting on behalf of the Board of Directors deems appropriate, (iv) awards of shares to employees and/or company officers of the Company or the Group according to applicable laws and regulations, holding and subsequently transferring shares by way of exchange or payment in the context of external growth transactions, merger, demerger, or contribution in kind, inasmuch as the number of shares acquired by the Company with a view to holding and using them at a later date as payment for or in exchange for a merger, demerger, or contribution in kind may not exceed 5% of the Company's share capital, delivering shares on the exercise of rights attached to securities providing immediate or future access to the Company's shares, through redemption, conversion, exchange, presentation of a warrant, or in any other way, canceling all or some of the shares thus purchased, subject to the adoption of the fourteenth resolution submitted by the Combined General Meeting of Shareholders of the Company on May 27, 2025, or carrying out any other practices as may be permitted or recognized by law or by the French Financial Market Authority (Autorité des Marchés Financiers), or pursuing any other objective complying with applicable regulations. IV. Limit on the percentage of share capital that may be acquired and maximum number of securities that may be purchased pursuant to the Share Buyback Program, types of securities that may be acquired under the Share Buyback Program, maximum price and terms of purchase 1. Maximum percentage of share capital that the Company may acquire and maximum number of securities that may be purchased pursuant to the Share Buyback Program The limit on the portion of the share capital that may be repurchased under the Share Buyback Program is 10% of the total number of shares representing the share capital at the date of the Combined Ordinary and Extraordinary General Meeting of Shareholders held on May 27, 2025, it being specified that, when shares are bought to ensure the market liquidity of Legrand's shares under the conditions described above, the number taken into account for the calculation of this 10% limit will be the number of shares bought less the number of shares resold during the duration of the Share Buyback Program. In accordance with the provision of articles L.22-10-62 et seq. and L.225-210 et seq. of the French Commercial Code, the number of shares that Legrand may hold, directly or indirectly, at any time, may not exceed 10% of the total number of shares forming the Company's share capital at the relevant date. 2. Types of securities that may be acquired under the Share Buyback Program The only securities that may be acquired under this program are Legrand shares. The shares purchased and held by the Company will be stripped of their voting rights and will not be entitled to dividends. 3. Maximum purchase price The maximum price paid for purchases may not exceed €150 per share of the Company under the Share Buyback Program (excluding purchase expenses) or the equivalent value of that amount in any other currency or currency unit established with reference to several currencies on the same date, inasmuch as this price will be adjusted as necessary to reflect capital transactions, in particular capitalization of reserves, free share awards and/or share splits or reverse splits. The maximum amount allowed for the implementation of the Share Buyback Program is €2 billion (or the equivalent value of this amount in any other currency or currency unit established with reference to several currencies on the same date). 4. Terms and conditions of purchase The acquisition, sale, transfer or exchange of shares may be carried out, directly or indirectly, in particular by any third party acting on behalf of the Company, at any time within the limits authorized by the legal and regulatory provisions, outside the periods of public offers on the Company's securities, on one or more occasions and by any means, on any market, off-market, including with systematic internalizers or by means of over-the-counter transactions, block transfers, public offers, by the use of any financial instrument, derivative product, in particular by the implementation of option mechanisms, such as the purchase and sale of call or put options or by the delivery of shares following the issue of securities giving access to the Company's share capital by conversion, exchange, redemption, exercise of a warrant or in any other way, either directly or indirectly through an investment services provider. V. Duration of the Share Buyback Program The Share Buyback Program shall be implemented for a period of eighteen months from the authorization granted by the Combined Ordinary and Extraordinary General Meeting of Shareholders on May 27, 2025, i.e. until November 27, 2026 at the latest. VI. Investment service provider Implementation of the Share Buyback Program The Company will appoint an investment service provider acting independently to assist it in implementing the Share Buyback Program. Liquidity contract Under an agreement signed on August 3, 2020, Legrand entrusted Exane with the implementation of a liquidity agreement of Legrand with the aim of promoting the liquidity of Legrand shares and ensuring more regular trading. Following BNP Paribas's acquisition of Exane in 2021, Exane has been subject of a merger operation during the fourth quarter of 2023. Since the merger, BNP Paribas Arbitrage is legally responsible for managing Legrand's liquidity agreement. The total amount of this liquidity agreement is €24,8 million on May 23, 2025. VII. Transactions made under the previous share buyback program The Combined Ordinary and Extraordinary General Meeting of May 29, 2024, authorized the Board of Directors to implement, with the option of sub-delegation, a share buyback program for a period of eighteen months. A detailed description of the program implemented by the Board of Directors on May 29, 2024 within the framework of the authorization mentioned above is published on the Company's website. The Company did not make use of derivative products. * * * During the Share Buyback Program, any significant change in any of the information set forth above will be brought to the attention of the public as soon as possible in compliance with the provisions of article 221-3 of the General Regulations of the French Financial Markets Authority (Autorité des marchés financiers). A French société anonyme with capital of EUR 1,048,982,932 Registered at 128, avenue du Maréchal de Lattre de Tassigny - 87000 Limoges, France 421 259 615 RCS Limoges
Business Wire
27-05-2025
- Business
- Business Wire
Legrand: Description of the Share Buyback Program Approved by the Combined Ordinary and Extraordinary General Meeting of Shareholders on May 27, 2025
LIMOGES, France--(BUSINESS WIRE)--Regulatory News: Legrand (Paris:LR) is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial, and datacenter markets makes it a benchmark for customers worldwide. The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing a strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings that include products with enhanced value in use (energy and digital transition solutions: datacenters, digital lifestyles and energy transition offerings). Legrand reported sales of €8.6 billion in 2024. The company is listed on Euronext Paris and is a component stock of the CAC 40, CAC 40 ESG and CAC SBT 1.5 indexes. (code ISIN FR0010307819). The Board of Directors of Legrand ('the Company') met on May 27, 2025 and agreed to set up a share buyback program as authorized by shareholders at the Ordinary and Extraordinary General Meeting held on May 27, 2025. Established in accordance with articles 241-1 and following of the General Regulation of the French Financial Markets Authority (Autorité des Marchés Financiers), this description is drawn up for the purpose of setting out the objectives and terms of Legrand's share buyback program set up by the Board of Directors of Legrand met on May 27, 2025 ('the Share Buyback Program'), pursuant to the authorization granted by the above-mentioned General Meeting of Shareholders. I. Number of shares and percentage of share capital held by the Company On May 23, 2025, the Company's share capital consisted of 262,245,733 shares. At the same date, the Company held 580,409 of its own shares. II. Allocation by purpose of securities held by the Company On May 23, 2025, the 580,409 own shares held by the Company were allocated by purpose as follows: - 48,750 shares are allocated to a liquidity agreement that complies with the Code of Ethics recognized by the French Financial Markets Authority (Autorité des marchés financiers) and is concluded with an independent investment services provider, and - 531,659 shares are allocated to the implementation of any performance share plans under the provisions of articles L. 225-197-1 and seq. and L.22-10-59 and L.22-10-60 of the French Commercial Code. III. Purposes of the new Share Buyback Program Legrand is considering buying back its own shares, or having them bought back for the purposes of: ensuring the liquidity and active operation of the market in Company shares through an investment service provider, acting under a liquidity agreement in accordance with market practices recognized by the Autorité des Marchés Financiers , , implementing (i) any Company stock option plans in accordance with Articles L.225-177 et seq. of the French Commercial Code or any other similar plans, (ii) any employee share ownership transactions reserved for members of a Company or Group savings plan in accordance with Articles L.3332-1 et seq. of the French Labor Code or providing for free share awards as a Company contribution and/or in substitution for the discount according to applicable laws and regulations, (iii) free share awards pursuant to Articles L.225-197-1 et seq. , L.22-10-59 and L.22-10-60 of the French Commercial Code, and carry out any hedging transactions relating to those transactions, at such times as the Board of Directors or the person acting on behalf of the Board of Directors deems appropriate, (iv) awards of shares to employees and/or company officers of the Company or the Group according to applicable laws and regulations, of the French Commercial Code or any other similar plans, (ii) any employee share ownership transactions reserved for members of a Company or Group savings plan in accordance with Articles L.3332-1 of the French Labor Code or providing for free share awards as a Company contribution and/or in substitution for the discount according to applicable laws and regulations, (iii) free share awards pursuant to Articles L.225-197-1 , L.22-10-59 and L.22-10-60 of the French Commercial Code, and carry out any hedging transactions relating to those transactions, at such times as the Board of Directors or the person acting on behalf of the Board of Directors deems appropriate, (iv) awards of shares to employees and/or company officers of the Company or the Group according to applicable laws and regulations, holding and subsequently transferring shares by way of exchange or payment in the context of external growth transactions, merger, demerger, or contribution in kind, inasmuch as the number of shares acquired by the Company with a view to holding and using them at a later date as payment for or in exchange for a merger, demerger, or contribution in kind may not exceed 5% of the Company's share capital, delivering shares on the exercise of rights attached to securities providing immediate or future access to the Company's shares, through redemption, conversion, exchange, presentation of a warrant, or in any other way, canceling all or some of the shares thus purchased, subject to the adoption of the fourteenth resolution submitted by the Combined General Meeting of Shareholders of the Company on May 27, 2025, or carrying out any other practices as may be permitted or recognized by law or by the French Financial Market Authority (Autorité des Marchés Financiers), or pursuing any other objective complying with applicable regulations. IV. Limit on the percentage of share capital that may be acquired and maximum number of securities that may be purchased pursuant to the Share Buyback Program, types of securities that may be acquired under the Share Buyback Program, maximum price and terms of purchase 1. Maximum percentage of share capital that the Company may acquire and maximum number of securities that may be purchased pursuant to the Share Buyback Program The limit on the portion of the share capital that may be repurchased under the Share Buyback Program is 10% of the total number of shares representing the share capital at the date of the Combined Ordinary and Extraordinary General Meeting of Shareholders held on May 27, 2025, it being specified that, when shares are bought to ensure the market liquidity of Legrand's shares under the conditions described above, the number taken into account for the calculation of this 10% limit will be the number of shares bought less the number of shares resold during the duration of the Share Buyback Program. In accordance with the provision of articles L.22-10-62 et seq. and L.225-210 et seq. of the French Commercial Code, the number of shares that Legrand may hold, directly or indirectly, at any time, may not exceed 10% of the total number of shares forming the Company's share capital at the relevant date. 2. Types of securities that may be acquired under the Share Buyback Program The only securities that may be acquired under this program are Legrand shares. The shares purchased and held by the Company will be stripped of their voting rights and will not be entitled to dividends. 3. Maximum purchase price The maximum price paid for purchases may not exceed €150 per share of the Company under the Share Buyback Program (excluding purchase expenses) or the equivalent value of that amount in any other currency or currency unit established with reference to several currencies on the same date, inasmuch as this price will be adjusted as necessary to reflect capital transactions, in particular capitalization of reserves, free share awards and/or share splits or reverse splits. The maximum amount allowed for the implementation of the Share Buyback Program is €2 billion (or the equivalent value of this amount in any other currency or currency unit established with reference to several currencies on the same date). 4. Terms and conditions of purchase The acquisition, sale, transfer or exchange of shares may be carried out, directly or indirectly, in particular by any third party acting on behalf of the Company, at any time within the limits authorized by the legal and regulatory provisions, outside the periods of public offers on the Company's securities, on one or more occasions and by any means, on any market, off-market, including with systematic internalizers or by means of over-the-counter transactions, block transfers, public offers, by the use of any financial instrument, derivative product, in particular by the implementation of option mechanisms, such as the purchase and sale of call or put options or by the delivery of shares following the issue of securities giving access to the Company's share capital by conversion, exchange, redemption, exercise of a warrant or in any other way, either directly or indirectly through an investment services provider. V. Duration of the Share Buyback Program The Share Buyback Program shall be implemented for a period of eighteen months from the authorization granted by the Combined Ordinary and Extraordinary General Meeting of Shareholders on May 27, 2025, i.e. until November 27, 2026 at the latest. VI. Investment service provider Implementation of the Share Buyback Program The Company will appoint an investment service provider acting independently to assist it in implementing the Share Buyback Program. Liquidity contract Under an agreement signed on August 3, 2020, Legrand entrusted Exane with the implementation of a liquidity agreement of Legrand with the aim of promoting the liquidity of Legrand shares and ensuring more regular trading. Following BNP Paribas's acquisition of Exane in 2021, Exane has been subject of a merger operation during the fourth quarter of 2023. Since the merger, BNP Paribas Arbitrage is legally responsible for managing Legrand's liquidity agreement. The total amount of this liquidity agreement is €24,8 million on May 23, 2025. VII. Transactions made under the previous share buyback program The Combined Ordinary and Extraordinary General Meeting of May 29, 2024, authorized the Board of Directors to implement, with the option of sub-delegation, a share buyback program for a period of eighteen months. A detailed description of the program implemented by the Board of Directors on May 29, 2024 within the framework of the authorization mentioned above is published on the Company's website. The Company did not make use of derivative products. * * * During the Share Buyback Program, any significant change in any of the information set forth above will be brought to the attention of the public as soon as possible in compliance with the provisions of article 221-3 of the General Regulations of the French Financial Markets Authority (Autorité des marchés financiers). A French société anonyme with capital of EUR 1,048,982,932 Registered at 128, avenue du Maréchal de Lattre de Tassigny - 87000 Limoges, France 421 259 615 RCS Limoges Readers are invited to verify the authenticity of Legrand press releases with the CertiDox app. Learn more at
Yahoo
12-05-2025
- Business
- Yahoo
Sodexo - Disclosure of transactions in own shares carried out from May 5 to May 8, 2025
Regulated Information Issy-les-Moulineaux, May 12, 2025 DISCLOSURE OF TRANSACTIONS IN OWN SHARES CARRIED OUT FROM MAY 5 TO MAY 8, 2025 Sodexo purchased treasury shares, outside of its liquidity contract, within the framework of its share buyback program as authorized by the Shareholders' Meeting held on December 17, 2024. These shares have been acquired to honor obligations related to free shares award plans. Information on these transactions are the following: Trading date LEI ISIN Volume(in number of shares) Weighted average purchase price (in euros) Market 05/05/2025 969500AGKR3PRJG4WD05 FR0000121220 7,709 55.1779 XPAR 05/05/2025 969500AGKR3PRJG4WD05 FR0000121220 8,927 55.1813 CEUX 05/05/2025 969500AGKR3PRJG4WD05 FR0000121220 2,500 55.1957 TQEX 05/05/2025 969500AGKR3PRJG4WD05 FR0000121220 1,500 55.1991 AQEU 06/05/2025 969500AGKR3PRJG4WD05 FR0000121220 11,479 55.3869 XPAR 06/05/2025 969500AGKR3PRJG4WD05 FR0000121220 9,644 55.3069 CEUX 06/05/2025 969500AGKR3PRJG4WD05 FR0000121220 3,171 55.3061 TQEX 06/05/2025 969500AGKR3PRJG4WD05 FR0000121220 1,401 55.2858 AQEU 07/05/2025 969500AGKR3PRJG4WD05 FR0000121220 12,550 55.1369 XPAR 07/05/2025 969500AGKR3PRJG4WD05 FR0000121220 8,813 55.1125 CEUX 07/05/2025 969500AGKR3PRJG4WD05 FR0000121220 3,172 55.1816 TQEX 07/05/2025 969500AGKR3PRJG4WD05 FR0000121220 1,728 55.171 AQEU 08/05/2025 969500AGKR3PRJG4WD05 FR0000121220 15,146 55.7439 XPAR 08/05/2025 969500AGKR3PRJG4WD05 FR0000121220 10,260 55.6951 CEUX 08/05/2025 969500AGKR3PRJG4WD05 FR0000121220 1,500 55.7476 TQEX 08/05/2025 969500AGKR3PRJG4WD05 FR0000121220 500 55.6367 AQEU Total 100,000 55.3597 Detailed information on these transactions may be found on the Sodexo website ( About Sodexo Founded in Marseille in 1966 by Pierre Bellon, Sodexo is the global leader in sustainable food and valued experiences at every moment in life: learn, work, heal and play. The Group stands out for its independence, its founding family shareholding and its responsible business model. Thanks to its two activities of Food and Facilities Management Services, Sodexo meets all the challenges of everyday life with a dual goal: to improve the quality of life of our employees and those we serve, and contribute to the economic, social and environmental progress in the communities where we operate. For Sodexo, growth and social commitment go hand in hand. Our purpose is to create a better everyday for everyone to build a better life for all. Sodexo is included in the CAC Next 20, Bloomberg France 40, CAC 40 ESG, CAC SBT 1.5, FTSE 4 Good and DJSI indices. Key Figures 23.8 billion euros Fiscal 2024 consolidated revenues 423,000 employees on August 31, 2024 #1 France-based private employer worldwide 45 countries (as at August 31, 2024) 80 million consumers served daily 8.5 billion euros in market capitalization (as of April 3, 2025) Attachment Transactions carried out from May 5 2025 to May 8 2025 (002) (003)
Business Wire
07-05-2025
- Business
- Business Wire
Release of Legrand's Unaudited Consolidated Financial Statements as of March 31, 2025
LIMOGES, France--(BUSINESS WIRE)--Regulatory News: Legrand (Paris:LR) indicates that its consolidated financial statements for first-quarter 2025 are available as from today at : KEY FINANCIAL DATES General Meeting of Shareholders : May 27, 2025 Ex-dividend date : May 29, 2025 Dividend payment : June 2, 2025 2025 first-half results : July 31, 2025 'Quiet period 1 ' starts : July 1, 2025 ABOUT LEGRAND Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial, and datacenter markets makes it a benchmark for customers worldwide. The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing a strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings that include products with enhanced value in use (energy and digital transition solutions: datacenters, digital lifestyles and energy transition offerings). Legrand reported sales of €8.6 billion in 2024. The company is listed on Euronext Paris and is a component stock of the CAC 40, CAC 40 ESG and CAC SBT 1.5 indexes. (code ISIN FR0010307819). 1 Period of time when all communication is suspended in the run-up to publication of results
