FDE buys back c. 0.63% of his share issued capital via its buy-back program

Regulatory News:

FDE (Euronext: FDE - ISIN: FR0013030152), a carbon negative energy producer, announces that it has bought back on May 8th, 2023, 32 718 of its shares.

FDE initiated the implementation of the share buyback program in accordance with its announcement made on January 30th, 2023 and the delegation of authority adopted by the Annual General Meeting of Shareholders of November 30th, 2022.

This buy-back took place over the counter and represents an envelope of €1.15 million at an average price of €35.15 per share. Compared to the average closing price of the stock for the 20 days preceding My 8th, 2023 (i.e. a price of €36.94), the price per share in the context of this share buyback implies a discount of 4.85%

Aggregated presentation:

Issuer Name

Issuer ID

Transaction Date

Financial instrument ID

Total daily volume

(# of shares)

Daily VWAP of purchased shares (€)

Market

FDE SA

969500R4CLSQFTYYI535

08-05-23

FR0013451333

32 718

35.15

MIC code (ISO 10383)

Following this operation, FDE holds 1.62% of its capital (excluding its own shares held under the liquidity contract).

This transaction is fully financed with available cash and will not affect the financial capacity of the group, still focused on the implementation of its various organic and external growth projects.

FDE reiterates its FYE 2026 objectives of annualized revenues exceeding €100 million with an EBITDA reaching over €50 million, combined with 10 million tons of CO2eq emissions avoided per annum.

Next announcement: FY 2023 annual sales – July 20th 2023

Reuters code: LFDE.PA

 

Bloomberg code: LFDE.FP

About La Française de l’Énergie

FDE is a negative carbon footprint energy group, specialized in the implementation of local energy recovery and production sites, allowing the reduction of greenhouse gas emissions. FDE notably supplies regional players with gas, electricity, heat and CO2, thus replacing imported energy with local, cleaner energy. FDE aims to become a leading independent player in the energy sector in Europe.

More information available on www.francaisedelenergie.fr

Disclaimer

This press release contains certain forward - looking statements and estimates concerning LFDE’s financial condition, operating results, strategy, projects and future performance and the markets in which it operates. Such forward-looking statements and estimates may be identified by words such as “anticipate,” “believe,” “can,” “could,” “estimate,” “expect,” “intend,” “is designed to,” “may,” “might,” “plan,” “potential,” “predict,” “objective,” “should,” or the negative of these and similar expressions. They incorporate all topics that are not historical facts. Forward looking statements, forecasts and estimates are based on management’s current assumptions and assessment of risks, uncertainties and other factors, known and unknown, which were deemed to be reasonable at the time they were made but which may turn out to be incorrect. Events and outcomes are difficult to predict and depend on factors beyond the company’s control. Consequently, the actual results, financial condition, performances and/or achievements of LFDE or of the industry may turn out to differ materially from the future results, performances or achievements expressed or implied by these statements, forecasts and estimates. Owing to these uncertainties, no representation is made as to the correctness or fairness of these forward-looking statements, forecasts and estimates. Furthermore, forward-looking statements, forecasts and estimates speak only as of the date on which they are made, and LFDE undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise, except as required by law.

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