The Board of Directors of D’Ieteren Group on November 7 approved a share repurchase plan up to a maximum value of $108.588 million.
The company decided based on its current cash position and growth potential. The plan aims to invest part of D’Ieteren Group’s excess cash by canceling the treasury shares thus acquired.
The number of shares involved depends on the effective purchase price. The company could acquire 700,000 shares at the current share price, representing 1.3% of the 53,708,999 ordinary shares outstanding.