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Groupe SEB has disclosed a detailed report of its recent share repurchase program following the decision made at the Shareholders’ Meeting on May 19, 2022. The program, communicated to the AMF on May 13, 2022, has seen a significant volume of shares bought back. On April 5, 2023, Groupe SEB repurchased 10,000 shares at an average price of €101.04905. The transactions were facilitated through Société Générale, with multiple purchases recorded throughout the day. This activity reflects the company's strategy to return value to shareholders and potentially enhance earnings per share, indicating a positive outlook for stockholders.
Groupe SEB has announced its Combined General Meeting is scheduled for May 17, 2023, at 2:30 p.m. in Paris. This meeting will address both ordinary and extraordinary matters as detailed in the preliminary notice published in BALO on March 15, 2023. The full notice, with participation and voting modalities, will be released on April 19, 2023. Shareholders will receive the convening brochure, including a voting form, on the same date. All related documents for the 2023 Annual General Meeting are accessible in the Shareholder Area on the Group's website. Notably, the AGM will be broadcasted live unless technical issues arise. Additionally, key dates include the announcement of H1 2023 sales on July 26 and 9-month 2023 financial data on October 26.
On April 6, 2023, Groupe SEB filed its 2022 Universal Registration Document with the French Financial Markets Authority (AMF), registration number D.23-0248. This comprehensive document includes the 2022 Annual Financial Report, the Report on Corporate Governance, and the Statutory Auditors' reports.
The document is available in French and can be accessed through Groupe SEB's website and the AMF's site. An English translation will be available soon. Key upcoming dates for Groupe SEB include Q1 2023 sales release on April 28, followed by the Annual General Meeting on May 17 and H1 2023 results on July 26.
Groupe SEB's Saint-Lô plant in France is enhancing its production capabilities by adding a new 1.2-million-euro SMD production line, supported by the Normandy Region. This investment will bolster the manufacturing of complex electronic cards for WMF professional coffee machines, increasing production capacity from 5 million to 7 million cards per year between late 2023 and 2024. Currently, the site produces 10 to 15% of Groupe SEB's electronic card needs, with plans to diversify into man-machine interfaces for professional coffee machines. The Saint-Lô site employs around 100 people and plays a key role in the company’s supply chain.
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