Brief: D'Ieteren Group Launches Eur 100 Mln Share Buyback

D'Ieteren SA

08/11/2023 14:03

Nov 8 (Reuters) - D'Ieteren Group NV  IETB.BR :
    * D’IETEREN GROUP LAUNCHES A €100M SHARE BUYBACK PROGRAMME
    * D'IETEREN GROUP LAUNCHES A EUR 100M SHARE BUYBACK
PROGRAMME
    * THE NUMBER OF SHARES THAT MIGHT BE REPURCHASED IN THE
FRAMEWORK
OF THE PROGRAMME WILL DEPEND ON THE EFFECTIVE PURCHASE PRICES
    * AT CURRENT SHARE PRICE, MAXIMUM NUMBER OF SHARES WHICH
COULD BE
REPURCHASED AMOUNTS TO C. 700,000, REPRESENTING 1.3% OF TOTAL
NUMBER OF OUTSTANDING ORDINARY SHARES (53,708,999)
    * IN THIS CONTEXT, PURCHASE PRICE FOR EACH SHARE SHALL NOT
EXCEED
110% OF AVERAGE MARKET SHARE PRICES DURING 10 DAYS PRECEDING
DATE OF BUYBACK AND SHARES REPURCHASED WILL BE CANCELLED
    * PROGRAMME WILL BE LAUNCHED IN COMING WEEKS AND WILL BE
CARRIED
OUT UNTIL TOTAL MAXIMUM VALUE OF EUR 100M HAS BEEN INVESTED AND
FOR A PERIOD OF UP TO TWO YEARS

Source text: tinyurl.com/2zw89mmz
Further company coverage:  IETB.BR 

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