Transparency declaration: publication in accordance with the Law of 2nd May 2007 on disclosure of major holdings in issuers whose shares are admitted to trading on a regulated market and laying down miscellaneous provisions.
Mobistar announces that since 19 November 2008, it has acquired shares representing 3 % of capital and that this threshold was passed on the same date.
Details of passing the threshold on the date of 19 November 2008:
- number of shares acquired: 1,881,111
- number of shares representative of capital: 62,000,000
- total capital: 109,179,644.31 euros
The passing of this threshold is part of the programme of share buy back to a total of 175 million euros as announced by Mobistar on 5th February 2008.
Under this programme, 1,291,752 shares were bought before the GM on 7th May 2008 and cancelled at that GM. These shares had an acquisition value of 73.7 million euros.
Consequently, dating from the GM of 7th May 2008, Mobistar has a balance of 101.3 million euros at its disposal for the share buy back programme. The total of shares acquired, having passed the 3 % threshold, were bought for an average price of 50.9211 euros and for a total sum of 95,788,247.40 euros.
Mobistar aims to complete its share buy back programme before the end of November 2008 and be able to cancel the shares thus acquired before the end of the financial year.
Mobistar refers to the transparency declaration of 5 September 2008 which allows to outline the control structure on the date of crossing the 3% threshold as follows:
