ALD
ALD: DESCRIPTION OF THE SHARE BUYBACK PROGRAMME
ALD PRESS RELEASE
Paris, 1 June 2018
DESCRIPTION OF THE SHARE BUYBACK PROGRAMME
Subject to the authorisation of the combined General Meeting dated 22 May 2018
This description is drawn up in accordance with the provisions of Articles 241-1 and 241-2 I of the General Regulation of the French Financial Markets Authority (Autorité des marchés financiers).
1. Date of the General Meeting called to authorise the share buyback programme
The authorisation for the Company to buy its own shares was approved at the combined General Meeting dated 22 May 2018.
2. Breakdown by objectives of the securities held
As at 31 May 2018, the allocation of the shares held directly is as follows:
3. Purposes of the share buyback programme
ALD has received authorisations to purchase its own shares, to:
4. Maximum amount allocated to the share buyback programme, maximum number and characteristics of the securities, maximum purchase price
The resolution approved at the General Meeting provides that ALD can purchase its ordinary shares for an amount of up to 5% of the share capital at the date of making these purchases, it being specified that the maximum number of shares held after these purchases may not at any time exceed 10% of share capital.
As at 31 May 2018, without taking into account the shares already held, a theoretical maximum number of 40,410,364 shares could be purchased. Given the number of securities already held at this date and the possibility to hold an amount of shares representing up to 10% of the share capital, the Company could purchase up to 40,402,443 shares.
The maximum purchase price was set at EUR 28.6 per share. The authorisation further limits the amount of funds allocated to the programme to EUR 600 million.
The Board of Directors will ensure that the implementation of the buybacks is conducted in compliance with the prudential requirements as set by the regulations.
5. Duration of share buyback programme
The combined General Meeting dated 22 May 2018 set the duration of the authorisation for the Company to buy and sell its own shares at 18 months from the date of the General Meeting.
Press contact: Stephanie Jonville +33 (0)1 42 14 38 99 stephanie.jonville@aldautomotive.com
ALD
ALD is a global leader in mobility solutions providing full service leasing and fleet management services across 43 countries to a client base of large corporates, SMEs, professionals and private individuals. A leader in its industry, ALD Automotive places sustainable mobility at the heart of its strategy, delivering innovative mobility solutions and technology-enabled services to its clients, helping them focus on their everyday business.
With 6,300 employees worldwide, ALD manages 1.54 million vehicles (at end March 2018).
ALD is listed on Euronext Paris, compartment A (ISIN: FR0013258662; Ticker: ALD) and its share is included in the SBF120 index. ALD’s controlling shareholder is Societe Generale.
ALD is listed on Euronext Paris, compartment A (ISIN: FR0013258662 ; Ticker: ALD).
For more information, you can follow us on Twitter @ALDAutomotive or visit www.aldautomotive.com.
Regulatory filing PDF file Document title: ALD Share buy back programme Document: http://n.eqs.com/c/fncls.ssp?u=KQLPQQAHXK |
Language: | English |
Company: | ALD |
1 Rue Eugène et Armand Peugeot | |
92500 Rueil-Malmaison | |
France | |
Internet: | https://www.aldautomotive.com/ |
ISIN: | FR0013258662 |
Euronext Ticker: | ALD |
AMF Category: | Description of the buyback programme |
End of Announcement | EQS News Service |