Repurchase of own shares
In accordance with article 207 of the Royal Decree of 30 January 2001 implementing the Company Code, s.a. D’Ieteren n.v. announces today that it has purchased on Euronext Brussels, between 17 and 24 March 2016, 41,950 treasury shares at an average price of EUR 37.18 per share. This purchase has been carried out to hedge share option schemes granted to officers and managers by virtue of the power endowed to the Board of Directors by the General Meeting of Shareholders on 5 June, 2014.
End of press release
D'Ieteren is a group of services to the motorist founded in 1805, serving some 12 million corporate and end customers in 35 countries in two areas:
- D'Ieteren Auto distributes Volkswagen, Audi, Seat, Škoda, Bentley, Lamborghini, Bugatti, Porsche and Yamaha vehicles across Belgium. It is the country's number one car distributor, with a market share of more than 22% and 1.2 million vehicles of the distributed makes on the road at the end of 2015. Sales in 2015: EUR 2.9 billion.
- Belron (94.85% owned) is the worldwide leader in vehicle glass repair and replacement. In 2015, some 2,400 branches and 10,000 mobile vans, trading under more than 10 major brands including Carglass®, Safelite® AutoGlass and Autoglass® served customers in 34 countries. Sales in 2015: EUR 3.2 billion.
Axel Miller, Chief Executive Officer
Arnaud Laviolette, Chief Financial Officer
Pascale Weber, Financial Communication - Tel: + 32 (0)2 536.54.39