Member access

4-Traders Homepage  >  Shares  >  Euronext Paris  >  VALEO    FR   FR0000130338

VALEO (FR)

1355
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

VALEO : Agreement for the partial management of the share buy-back program

09/13/2010 | 12:15pm US/Eastern
PR Newswire/Les Echos/

Communiqué de Presse
Press release


Agreement for the partial management of the share buy-back program

PARIS, France, September 13, 2010 - 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 June 3, 2010.

According to the terms of the Contract signed on September 13, 2010, the
Investment Services Provider will sell to Valeo, who undertakes to acquire them
at term, a certain quantity of Valeo within the limit of 32 million euros and 
1000 000 shares, at an average price determined in an objective an independent
manner by the market during the full term of the Contract and which may not in
any case exceed the maximum purchase price set by the Combined Annual General
shareholders' meeting of June 3, 2010. 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 independent industrial group fully focused on the design, production
and sale of components, integrated systems and modules for cars and trucks.
Valeo ranks among the world's top automotive suppliers. The Group has 117
plants, 61 R&D centers, 10 distribution centers, and employs 56,000 people in 27
countries worldwide.

For all additional information, please contact:
Thierry Lacorre, Investor Relations, Tel : +33 1.40.55.37.93

For more information about the Group and its activities, please visit our web
site www.valeo.com
                      
The content and accuracy of news releases published on this site and/or 
distributed by PR Newswire or its partners are the sole responsibility of the 
originating company or organisation. Whilst every effort is made to ensure the 
accuracy of our services, such releases are not actively monitored or reviewed 
by PR Newswire or its partners and under no circumstances shall PR Newswire or 
its partners be liable for any loss or damage resulting from the use of such 
information. All information should be checked prior to publication.
React to this article
Latest news on VALEO
04/23 VALEO : Q1 2015 Sales - Press release
04/22 VALEO : Innovative eg efficiency alternator wins a 2015 automotive news pace awa..
04/21 VALEO : JUMP tries to build on lessons from past ; Lessons: Focus on funding mor..
04/21 VALEO : Unveils at the shanghai auto show technologies that will help to continu..
04/19 VALEO : Scramble ahead of moratorium ; Law enforcement, mental health clinic sha..
04/16 VALEO : Patent Issued for Optical System for a Motor Vehicle
04/07 SAFRAN : Valeo : and Safran showcase latest biometric innovation for vehicles
04/03 VALEO : Shortlists 20 teams for the valeo innovation challenge
04/01 VALEO : Patent Issued for Dynamic Three Dimensional Effect Lamp Assembly
04/01 VALEO : shortlists 20 teams for the Valeo Innovation Challenge
Dynamic quotes  
ON
| OFF