(CercleFinance.com) – Valeo announces that it has requested the assistance of an investment services provider (ISP) for the purposes of achieving certain objectives of its share buyback program as authorized by the general meeting General of May 26, 2021.
It is agreed that the PSI will sell to the automotive supplier, which undertakes to acquire them, no later than May 13, a certain quantity of Valeo shares, up to a limit of 50 million euros. The average price per share may not exceed the maximum purchase price of 70 euros.
These shares will be allocated for the purpose of covering the implementation of any performance share plan and the allocation of shares to employees in respect of their participation in the fruits of the expansion of the company or the implementation of any company savings plan.
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