Getlink: Transfer of the Liquidity Contract to BNP PARIBAS EXANE

Rhea-AI Summary

Getlink SE has initiated a liquidity and market monitoring contract with BNP Paribas Exane, effective from September 5, 2022 to December 31, 2022, renewable annually. This contract supports the promotion of Getlink shares on the Euronext Paris market, involving 219,003 shares and an allocation of 15,653,495.15 euros. Additionally, the previous liquidity contract with Oddo has been terminated, effective September 2, 2022, which had previously included 503,215 shares and 10,482,627.04 euros as resources.

Positive

• New liquidity and market monitoring contract expected to enhance share visibility.
• The allocation of 15,653,495.15 euros may support liquidity management.

Negative

• Termination of the previous liquidity contract with Oddo, signaling a potential strategy shift.

PARIS--(BUSINESS WIRE)-- Regulatory News:

Getlink SE (Code ISIN : FR0010533075, Mnémonique : GET) (Paris:GET) announces entrusting BNP Paribas Exane, from 5 September 2022 to 31 December 2022 and renewable by tacit agreement for successive one year periods, with the implementation of a liquidity and market monitoring contract relating to its ordinary shares.

This contract was established in accordance with the regulations in force, and in particular AMF Decision No. 2021-01 of June 22, 2021. It complies with the code of ethics of the Association Française des Marchés Financiers (AMAFI) .

The purpose of this contract is for the promotion by BNP Paribas Exane of the Getlink share on the regulated market of Euronext in Paris.

The resources allocated to its implementation are:

• 219,003 shares
• 15,653,495.15 euros

This new contract may be suspended:

• In the cases provided for in Article 5 of Chapter II of AMF Decision No. 2021-01 of June 22, 2021;
• In the event of the holding of a number of shares equal to the maximum decided by the general meeting of the Issuer, taking into account in particular the shares already held by the Issuer in accordance with Article L. 225-210 of the Code of trade,
• In the event that the share price is outside the intervention thresholds authorized by the general meeting of the Issuer,
• In the event of expiry or suspension of the authorization to buy back shares by the General Meeting of the Issuer .

In addition, the contract may be terminated by Getlink at any time and without notice, or by BNP Paribas Exane with one month's notice.

End of liquidity contract with Oddo

The companies Getlink and Oddo terminated the liquidity contract entered into on May 18, 2010. This termination will take effect on September 2, 2022 after market close.

On the evening of September 2, 2022, the following resources appeared in the liquidity account:

• 219,003 shares
• 15,653,495.15 euros

It is recalled that as of June 30, 2022, the following resources appeared in the liquidity account:

• 503 215 shares
• 10 482 627.04 euros

View source version on businesswire.com: https://www.businesswire.com/news/home/20220902005272/en/

Getlink Contacts:

For UK media enquiries contact

John Keefe on + 44 (0) 1303 284491

Email: press@getlinkgroup.com

For investor enquiries contact:

Jean-Baptiste Roussille on +33 (0)1 40 98 04 81

Email: jean-baptiste.roussille@getlinkgroup.com

For other media enquiries contact

Romain Dufour on +33(0)1 4098 0464

Michael Schuller on +44 (0) 1303 288749

Email: Michael.schuller@getlinkgroup.com

Source: GETLINK S.E.

FAQ

What is the purpose of Getlink's contract with BNP Paribas Exane?

The contract aims to promote Getlink shares on the Euronext Paris market.

When does Getlink's liquidity contract with BNP Paribas Exane start?

The contract starts on September 5, 2022.

What resources are allocated for the new liquidity contract?

The contract involves 219,003 shares and 15,653,495.15 euros.

What happened to Getlink's previous liquidity contract with Oddo?

It was terminated effective September 2, 2022.

How many shares were in the previous liquidity account as of June 30, 2022?

The previous liquidity account had 503,215 shares.