VALEO HAS REQUESTED THE ASSISTANCE OF AN INVESTMENT SERVICES PROVIDER IN ORDER TO ACHIEVE CERTAIN OBJECTIVES OF ITS SHARE BUY-BACK PROGRAM, AS AUTHORIZED BY THE COMBINED ANNUAL GENERAL SHAREHOLDERS’ MEETING OF MAY 21, 2014.
According to the terms of the Contract signed on May 27, 2014, Valeo acquired 750,000 share on August 14, 2014, at an average price of 97.1201 euros.
All these shares will be allocated to cover the implementation of any stock option purchase plan, the allotment of shares to employees in respect of their participation in the proceeds of the company’s expansion and the implantation of any company savings plan.
Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving.
In 2013, the Group generated sales of 12.1 billion euros and invested over 10% of its original equipment sales in research and development. Valeo has 123 plants, 16 research centers, 34 development centers, 12 distribution platforms and employs 78,600 people in 29 countries worldwide.
Valeo is listed on the Paris Stock Exchange and is a member of the CAC 40 index.
