Implementation of the share buy-back program
12 March 2024 - 4:13AM
Implementation of the share buy-back program
PRESS RELEASEParis, March 11
2024
Implementation of the share buy-back
program
Valeo has requested the assistance of an
investment services provider in order to achieve certain objectives
of its share buy-back program, as authorized by the General
Shareholders’ Meeting of May 24, 2023.
According to the terms of the contract signed on
March 11, 2024, it is agreed between the parties that the
investment services provider will sell to Valeo, who undertakes to
acquire them no later than May 13, 2024, a certain quantity of
Valeo shares within the limit of 25 million euros. The average
price per share will be determined based on the mean
volume-weighted market price observed during the entire duration of
the contract. The unit price may not in any case exceed the maximum
purchase price of 70 euros per share set by the General
Shareholders’ Meeting of May 24, 2023.
All these shares will be allocated to cover the
implementation of free and performance share plans, the allotment
of shares to employees as part of their involvement in the
performance and growth of the Company or the implementation of any
company employee savings plan and more generally any allocation of
shares within the Group.
About Valeo
As a technology company and partner to all
automakers and new mobility players, Valeo is innovating to make
mobility cleaner, safer and smarter. Valeo enjoys technological and
industrial leadership in electrification, driving assistance
systems, reinvention of the interior experience and lighting
everywhere. These four areas, vital to the transformation of
mobility, are the Group's growth drivers.
Valeo in figures: 22 billion euros in sales in 2023 | 112,700
employees at December 31, 2023 | 29 countries, 175 plants, 66
research and development centers and 20 distribution platforms.
Valeo is listed on the Paris Stock Exchange.
Media Relations
Dora Khosrof | +33 7 61 52 82 75Caroline De Gezelle | + 33 7 62
44 17 85press-contact.mailbox@valeo.com
Investor Relations
+33 1 40 55 37 93valeo.corporateaccess.mailbox@valeo.com
- PR- 2024 Share buy-back program
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