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FDE buys back c. 1% of his share issued capital via its buy-back program

3 April 2023

Pontpierre, France, April 3rd, 2023 – FDE (Euronext: FDE – ISIN: FR0013030152), a carbon negative energy producer, announces that it has bought back on March 24th, 2023, 51,282 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 (press release dated on January 30th 2023).

This buy-back took place over the counter and represents an envelope of €2 million at an average price of €39 per share. Compared to the average closing price of the stock for the 20 days preceding March 24th, 2023 (i.e. a price of €40.2), the price per share in the context of this share buyback implies a discount of 2.97%

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 24-03-23 FR0013451333 51 282 39 MIC code (ISO 10383)

Following this operation, FDE holds 0.99% 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 EUR 100 million with an EBITDA reaching over EUR 50 million, combined with 10 million tons of CO2eq emissions avoided per annum.

 Next announcement:

Q3 2022 sales – April 25th 2023

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Promises won't impact
climate change.
Your local resources, will.

Climate change is an undeniable reality. We can already see its serious consequences for our planet. It is now urgent to act.

At FDE, we refuse to participate in initiatives that generate pollution beyond our borders, even if they reduce the carbon footprint of our local territories. Whether it is a question of carbon footprint or pollution, there are no limits.

It is our duty to build sustainable energy solutions that move towards global carbon neutrality. Today, the most resilient and sustainable energy solution is even more self-evident: it is imperative that energy remains local, within short supply chains, as close as possible to the needs of local communities and consumers.

Considering these, at FDE, we are taking actions and offering tailor-made, local multi-energy solutions.

By making the most of local resources, our offer enables us to provide territories with energies with a triple benefit: reduced carbon footprint, economically competitive and contributing to the socio-economic development of the area. We choose abandoned sites, make the most of the potential of local suppliers and service providers, and participate in a local center of expertise that involves universities, local authorities and associations in the local energy project.

FDE lacks neither the resources nor the know-how to deploy tailor-made energy solutions for everyone and for the planet.

Our engineers embrace the energy transition with a pragmatic view.

Recovering abandoned mine gas avoids fatal gas emissions into the atmosphere, while local coal gas reduces the need to import much more carbon-intensive gases. Abundant solar energy is both local and renewable.

To support the energy transition, at FDE, we are constantly innovating, looking for new solutions for the future, such as hydrogen, a decarbonized energy, or CO2 sequestration in coal.

In addition, all energy produced by our Group is designed to be more virtuous. All these processes therefore make FDE the only French energy producer with a negative carbon footprint.

HSE POLICY

In accordance with its values and code of ethics, and with the aim of pursuing the objective of:

  • Guarantee the integrity of our assets,
  • Ensure a safe and healthy working environment for its employees and subcontractors,
  • Guarantee the health and safety of all personnel working on and off-site,
  • Limit environmental impact.

 

FDE wishes to promote the following HSE principles:

Identify, prevent and control impacts and risks to health, safety, security and the environment,

Develop the company's activities in a sustainable and eco-responsible manner,

Improve the working environment for its employees and subcontractors.

Consequently, FDE undertakes to:

Ensure the rigorous application of regulatory procedures in force with respect to safety, health, environment and the preservation of public security,

Impose operational management with advanced criteria for environmental protection, pollution prevention and energy optimization, as part of the ecological transition,

Systematically verify compliance with HSE principles through audits and practical exercises, with the aim of continuously improving the system and its performance,

Define indices and performance indicators for monitoring HSE activities and promote benchmarking to identify areas for improvement,

Encourage employee participation and involvement in health, safety and environmental protection processes through training and creation of tools for sharing experience and knowledge.

This culture of risk prevention and control applies to all employees, partners and suppliers. It involves setting concrete objectives and deploying action plans as part of a continuous improvement process to better anticipate tomorrow's challenges. This policy is reviewed annually, as are the associated indicators and targets.

Antoine FORCINAL
Directeur Général,