(CercleFinance.com) – Renault Group indicates that it has entrusted an investment services provider (ISP) with a mandate relating to the acquisition of a maximum number of 1,260,000 Renault shares, depending on market conditions, on a period from June 8 to 14.
The shares thus bought back are intended to cover Renault’s obligations with regard to the beneficiaries of performance shares or of any long-term incentive plan implemented for the benefit of employees and corporate officers.
The car manufacturer with the diamond specifies that these buybacks are part of the share buyback program, as authorized by the general meeting of May 25 under the 17th resolution.