PARIS--(BUSINESS WIRE)--Regulatory News:
Europcar Mobility Group (Paris:EUCAR) announces the launch of a share buyback program which will be implemented as of October 25, 2019.
The total consideration for the repurchases shall not exceed 10 million euros, representing a maximum of 3.3 million shares of Europcar Mobility Group, representing approximately 2% of the share capital at the date of this press release. The repurchases would be carried out over the next six months, depending on market conditions, at a price not exceeding 6 euros per share.
The description of the share buyback program authorized by the Annual General Meeting of Shareholders of April 26, 2019 can be found in the 2018 Registration Document filed on March 27, 2019 with the French Market Authority.
Europcar Mobility Group will select an independent third party service provider for the execution of these share repurchases.
About Europcar Mobility Group
Europcar Mobility Group is a major player in mobility markets and listed on Euronext Paris.
The mission of Europcar Mobility Group is to be the preferred “Mobility Service Company” by offering alternative attractive solutions to vehicle ownership, with a wide range of mobility-related services: vehicle-rental, chauffeur services, car-sharing, scooter-sharing
Customers’ satisfaction is at the heart of the Group’s mission and all of its employees and this commitment fuels the continuous development of new services.
Europcar Mobility Group operates through multi brands meeting every customer specific needs; its 4 major brands being: Europcar® - the European leader in vehicle rental services, Goldcar® - the most important low-cost car-rental company in Europe, InterRent® – ‘mid-tier’ brand focused on leisure and Ubeeqo® – one of the European leaders in car-sharing (BtoB, BtoC).
Europcar Mobility Group delivers its mobility solutions worldwide through an extensive network in more than 140 countries (including 20 wholly owned subsidiaries in Europe, 2 in Australia and New Zealand, franchises and partners).