Capital reduction at BIC: Cancellation of nearly 650,000 shares

BIC announced a reduction in its share capital following the cancellation of 649,527 treasury shares. These shares were repurchased under a program initiated on February 19, 2024, and authorized by the General Meeting of May 29, 2024. The total amount of this transaction amounts to €40 million.

The decision to cancel these shares was taken by the Board of Directors at its meeting on December 11, 2024. The cancellation took effect on December 19, changing the company's share capital to 41,621,162 shares. This move marks a capital management strategy aimed at optimizing the company's financial structure.