As announced on August 28, 2014, Wendel's Executive Board has decided to cancel 975,296 shares held in treasury, with effect from September 16, 2014. The Group had already cancelled a total of 2,070,873 shares in 2012 and 2013. Since 2012, Wendel has thus cancelled 6.1% of its share capital.
In 2014, Wendel bought back 817,544 of its own shares in 2014 to take advantage of the sharp discount in its share price relative to NAV.
Since 2009, as part of its policy to return value to shareholders, the Wendel Group has paid out a total of €367 million in dividends and devoted €387 million to the repurchase of shares.
Wendel's share capital is now composed of 47,789,535 shares, with a par value of €4 each.

2014 Calendar
Publication of Q3 2014 net sales (pre-market release) Friday, November 7, 2014
Investor day - publication of NAV (pre-market release) Thursday, December 4, 2014

 

About Wendel
Wendel is one of Europe's leading listed investment firms. The Group invests internationally, in companies that are leaders in their field, such as Bureau Veritas, Saint-Gobain, Materis, Stahl and IHS in Africa. Wendel plays an active role as industry shareholder in these companies. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Through Oranje-Nassau Développement, which brings together opportunities for investment in growth, diversification and innovation, Wendel is also a shareholder of Van Gansewinkel Groep in the Netherlands, exceet in Germany, Mecatherm and Parcours in France, Nippon Oil Pump in Japan and Saham Group in Africa. 
Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's ratings: Long-term: BBB-, stable outlook - Short-term: A-3 since July 7, 2014.
Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mécène de la Culture" on March 23, 2012.

 

Press contacts
Christine Anglade-Pirzadeh: +33 (0)1 42 85 63 24
c.angladepirzadeh@wendelgroup.com

Analyst and investor contacts
Olivier Allot: +33 (0)1 42 85 63 73
o.allot@wendelgroup.com:
mailto:o.allot@wendelgroup.com

 


WENDEL HAS CANCELLED 2% OF ITS SHARE CAPITAL:
http://hugin.info/143616/R/1856925/650031.pdf


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: WENDEL via Globenewswire
HUG#1856925