10 December 2021
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Execution of a liquidity contract with Kepler Cheuvreux

Claranova (the “Group” or the “Company”) has entered into a liquidity contract with Kepler Cheuvreux for its ordinary shares admitted for trading on Euronext Paris, effective today for a period of one year, renewable by tacit agreement. This liquidity contract is part of a share buyback program authorized by the Ordinary and Extraordinary General Meeting of December 1, 2021, implemented by a decision of the Chairman-CEO on December 2, 2021, acting under a delegation of powers granted by the Board of Directors.

This agreement complies with the legal and regulatory framework in force, in particular Regulation (EU) No.  596/2014 of the European Parliament and of the European Council of 16 April 2014, the Commission Delegated Regulation (EU) No. 2017/567, Articles L. 225-206 et seq. of the French Commercial Code and Decision No. 2021-01 of the French Financial Markets Authority (Autorité des Marchés Financiers or AMF) of June 22, 2021 renewing the introduction of liquidity contracts on equity securities as an accepted market practice and any other provisions referred to therein.

Under this contract, Kepler Cheuvreux is tasked with ensuring the liquidity and supporting the orderly trading of Claranova’s equity securities listed under the ISIN code FR0013426004-CLA on the regulated market of Euronext Paris. In addition to guaranteeing a satisfactory level of liquidity of the Claranova share, this contract also reflects the Group’s goal to reduce the share’s volatility and to support growth in the share price.

Resources allocated to the liquidity account for this purpose:

  • own shares: 204,081, corresponding to 0.44% of the capital;
  • cash balance: €1,000,000.

The liquidity contract’s execution may be suspended:

  • in the cases provided for in Article 5 of AMF Decision No. 2021-01 of June 22, 2021 ;
  • if the share price falls outside the thresholds for intervention authorized by the Company’s General Meeting; and
  • at any time, at Claranova’s request, under its responsibility.

Furthermore, the contract may also be terminated by Claranova at any time without prior notice, or by Kepler Cheuvreux at any time subject to one month notice.

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