AI Terminal
D'Ieteren Group
Transaction in Own Shares • May 26, 2021
3937_dirs_2021-05-26_a550c44f-e733-4f4e-abfc-261ee974ee2e.pdf
Transaction in Own Shares
Open in ViewerOpens in native device viewer
REGULATED INFORMATION
Wednesday 26 May 2021 – 5:45 pm CET
Repurchase and disposal of own shares
In accordance with articles 8:4 and 8:6 of the Royal Decree of 29 April 2019 implementing the Code on Companies and Associations, s.a. D'Ieteren n.v. ("D'Ieteren") announces today the purchase on the regulated market of Euronext Brussels, and the OTC disposal of treasury shares, between 19 and 25 May 2021.
The extraordinary shareholders' meeting of D'Ieteren renewed on 31 May 2018 the powers of the board of directors to acquire and dispose of own shares for a period of 5 years.
The total number of own shares held by D'Ieteren reached 1,061,451 on 25 May 2021. The total number of ordinary shares equals 54,367,928.
Detailed operations per day
D'Ieteren has purchased 7,392 treasury shares at an average price of €89.43 per share. This purchase has been carried out to hedge stock options granted to employees and managers of D'Ieteren.
| Date | Number of shares | Average price (€) |
Minimum price (€) |
Maximum price (€) |
Total price (€) |
|---|---|---|---|---|---|
| 19 May 2021 | 2,184 | 89.10 | 88.70 | 89.50 | 194,602 |
| 20 May 2021 | 2,555 | 89.47 | 88.95 | 90.00 | 228,595 |
| 21 May 2021 | 2,653 | 89.67 | 89.45 | 90.35 | 237,903 |
| Total | 7,392 | 89.43 | 661,100 |
During the same period, between 19 and 25 May 2021, following exercises of stock options granted in the context of former stock option plans, D'Ieteren has disposed of 1,304 treasury shares OTC in view of delivering these shares to the relevant option holders.
| Date | Time (CET) | Number of shares | Total transaction (€) |
|---|---|---|---|
| 25 May 2021 | 09:25 | 652 | 40,002 |
| 25 May 2021 | 10:22 | 652 | 43,290 |
| Total | 1,304 |
End of press release
PRESS RELEASE: REPURCHASE AND DISPOSAL OF OWN SHARES
REGULATED INFORMATION
Wednesday 26 May 2021 – 5:45 pm CET
D'Ieteren Group profile
In existence since 1805, and across family generations, D'Ieteren Group seeks growth and value creation by pursuing a strategy on the long term for its businesses and actively encouraging and supporting them to develop their position in their industry and geographies. The Group currently owns the following activities:
- D'Ieteren Automotive distributes Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, and Porsche vehicles in Belgium. It has a market share of more than 23% and 1.2 million vehicles on the road. Its business model is evolving towards improving the lives of citizens with fluid, accessible and sustainable mobility. Sales and adjusted operating result reached respectively €3,216m and €98.9m in FY20.
- Belron (54.85% of the voting rights) has a clear purpose: "making a difference by solving people's problems with real care". It is the worldwide leader in vehicle glass repair and replacement and operates in 40 countries, through wholly owned businesses and franchises, with market leading brands – including Carglass®, Safelite® and Autoglass®. In addition, Belron manages vehicle glass and other insurance claims on behalf of insurance customers. Sales and adjusted operating result reached respectively €3,899m and €583.1m in FY20.
- Moleskine (100% owned) is a premium and aspirational lifestyle brand which develops and sells iconic branded notebooks and writing, travel and reading accessories through a global multichannel platform. Sales and adjusted operating result reached respectively €102.3m and -€1.5m in FY20.
- D'Ieteren Immo (100%) groups together the Belgian real estate interests of D'Ieteren Group. It owns and manages approximately 30 properties which generated €19.5m net rental income in FY20. It also pursues investment projects and carries out studies into possible site renovations.
Financial Calendar
| Last five press releases (with the exception of press releases related to the repurchase or sale of own shares) |
Next events | |||
|---|---|---|---|---|
| 21 April 2021 | Publication of the Annual Report 2020 | 27 May 2021 | General Assembly | |
| 1 April 2021 | Belron successfully allocated its new term loans |
1 September 2021 | 2021 Half-Year Results | |
| 22 March 2021 | Belron launches new loan | |||
| 8 March 2021 | 2020 Full-Year Results | |||
| 10 November 2020 | Strong resilience expected in a volatile environment |
Contacts
Francis Deprez, Chief Executive Officer Arnaud Laviolette, Chief Financial Officer
Stéphanie Voisin, Investor Relations - Tel: + 32 (0)2 536.54.39 E-mail: [email protected] – Website: www.dieterengroup.com