ALD: Description of the share buyback programme
Authorised by the combined General Meeting
dated 24 May
2023
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 Shareholders' Meeting
dated 24 May 2023.
2. Breakdown by
objective of the securities held
As at 23 May 2023, ALD held 798,506 of its own
shares, representing 0.1% of its share capital. The allocation of
the shares is as follows:
Cancellation: 0Allocation to employees and
executive officers: 671,754Exercise of rights attached to
securities: 0Liquidity agreement: 126,752External growth:
0Implement market practices: 0
3. Purposes of the
share buyback programme
ALD has received authorisations to purchase its
own shares, to:
a. cancel
them, pursuant to the 18th resolution of the General Shareholders'
Meeting held on 24 May 2023,
b. allocate,
cover and honour any free shares or employee savings plans and any
type of allocation for the benefit of employees or corporate
officers of the Company or affiliated companies under the terms and
conditions stipulated or permitted by French or foreign law,
particularly in the context of participation in the results of the
expansion of the Company, the granting of free shares, any employee
shareholding plans as well as completing any related transactions
to cover the aforementioned employee shareholding plans,
c. provide
shares upon the exercise of rights attached to securities giving
access to the share capital of the Company,
d. market
making activities under a liquidity contract, signed with an
investment services provider, in compliance with the market
practices permitted by the AMF (“l’Autorité des Marchés
Financiers”),
e. retain
and later tender as part of the Group's external growth
transactions,
f. implement
any market practice that may become recognised by law or by the
AMF.
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 23 May 2023, without taking into account
the shares already held, a theoretical maximum number of 40,848,021
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 40,049,515 shares.
The maximum purchase price was set at EUR 28.60
per share. The authorisation limits the amount of funds allocated
to the programme to EUR 1,200 million.
5. Duration of share
buyback programme
The combined General Meeting dated 24 May 2023
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.
6. Fulfilment of
prudential requirementsThe Board of Directors will ensure
that the execution of these buybacks will be carried out in
accordance with prudential requirements as defined by the
regulation and the European Central Bank.
About
ALD Automotive | LeasePlan
ALD Automotive | LeasePlan is a leading global sustainable
mobility player providing full-service leasing, flexible
subscription services, fleet management services and multi-mobility
solutions to a client base of large corporates, SMEs, professionals
and private individuals. With the broadest coverage in 44 countries
through direct presence, ALD Automotive | LeasePlan is leveraging
its unique position to lead the way to net zero and further shape
the digital transformation of the industry through innovation and
technology-enabled services to enable the transformation towards
large scale adoption of sustainable mobility.
With 15,700 employees worldwide, ALD Automotive
| LeasePlan manages 3.3 million vehicles (at end-March 2023).
ALD, whose majority shareholder is Societe
Generale, is the listed company on Compartment A of Euronext Paris
(ISIN: FR0013258662; Ticker: ALD).
Find out more at www.aldautomotive.com
Press contactStephanie Jonville
Head of Communications, ALD Tel.: +33 (0)6 46 14 81
90stephanie.jonville@aldautomotive.com
- 2023 05 24 PR share buyback
ALD (EU:ALD)
過去 株価チャート
から 4 2024 まで 5 2024
ALD (EU:ALD)
過去 株価チャート
から 5 2023 まで 5 2024