Granting power to certain directors to initiate the implementation of the share buyback programme by Allegro.eu and/or the issuance of new shares by Allegro.eu within the framework of the authorised share capital
Current report No. 8/2021
Legal basis: Market Abuse Regulation (EU) No 596/2014 of 16 April 2014, Commission delegated regulation (EU) 2016/1052 of 8 March 2016, Luxembourg companies law dated 10 August 1915, as amended from time to time, and Luxembourg law dated 11 January 2008 on transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market.
The Board of Directors of Allegro.eu (the "Board") hereby informs about the resolutions it has adopted on 29 June 2021 whereby the Board resolved to grant power to any two of Darren Huston, François Nuyts, and Jonathan Eastick, acting jointly and with full power of substitution, to initiate: (i) implementation of a share buyback programme in order to meet Allegro.eu's obligations arising under its employee incentive plan which was approved by the shareholders of Allegro.eu on 20 September 2020 and adopted by the Board on 7 October 2020 and to facilitate the allocation of shares to the employees of Allegro.eu and the employees of its subsidiaries in accordance with its employee incentive plan (the "Free Shares Awards") and/or (ii) carry out an issuance of new shares within the framework of the authorised share capital of Allegro.eu, for the purpose of satisfying the Free Shares Awards (the "Capital Increase"), with the share buyback (if any) being limited to a maximum number of 850,000 shares.
The Board resolved to approve the implementation of a share buyback programme and/or the Capital Increase, whichever solution is in the reasonable joint opinion of any of two of Darren Huston, François Nuyts and Jonathan Eastick, is deemed necessary or desirable in connection with the satisfaction of the Free Share Awards, after taking economic, legal and financial parameters into consideration within the Company's best interest.
Allegro.eu is a Luxembourg public limited liability company (société anonyme), registered office: 1, rue Hildegard von Bingen, L – 1282 Luxembourg, Grand Duchy of Luxembourg, R.C.S. Luxembourg: B214830.