ALD: Description of the share buyback program

ALD ALD: Description of the share buyback program 27-May-2019 / 07:30 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.   PRESS RELEASE   Paris, 27 May 2019     DESCRIPTION OF THE SHARE BUYBACK PROGRAMME   Authorised by the combined General Meeting dated 22 May 2019   This description is drawn up in accordance with the provisions of Articles 241-1 and 241-2 I of the General Regulation of the French Financial Markets Authority (Autorité des marchés financiers).     Date of the General Meeting called to authorise the share buybackprogramme   The authorisation for the Company to buy its own shares was approved at the combined General Meeting dated 22 May 2019.   Breakdown by objectives of the securitiesheld   As at 24 May 2019, the allocation of the shares held directly is as follows:   Cancellation 0 Allocation to employees and executive officers 556,914 Exercise of rights attached to securities 0 Liquidity agreement 97,179 External growth 0 Implement market practices 0   Purposes of the share buyback programme   ALD has received authorisations to purchase its own shares, to:   cancel them, pursuant to the 23rd resolution of this General Shareholders' Meeting,   allocate, cover and honour any free shares or employee savings plans and any type of allocation for the benefit of employees or corporate officers of the Company or affiliated companies under the terms and conditions stipulated or permitted by French or foreign law, particularly in the context of participation in the results of the expansion of the Company, the granting of free shares, any employee shareholding plans as well as completing any relatedtransactions to cover the aforementioned employee shareholding plans,   provide shares upon the exercise of rights attached to securities giving access to the sharecapital of the Company,   market making activities under a liquidity contract, signed with an investment services provider, in compliance with the market practices permitted by the AMF ("l'Autorité desMarchés Financiers"),   retain and later tender as part of the Group's external growth transactions,   implement any market practice that may become recognised by law or by the AMF.   Maximum amount allocated to the share buyback programme, maximum number and characteristics of the securities, maximum purchase price   The resolution approved at the General Meeting provides that ALD can purchase its ordinary shares for an amount of up to 5% of the share capital at the date of making these purchases, it being specified that the maximum number of shares held after these purchases may not at any time exceed 10% of share capital.   As at 17 May 2019, without taking into account the shares already held, a theoretical maximum number of 40,410,364 shares could be purchased. Given the number of securities already held at this date and the possibility to hold an amount of shares representing up to 10% of the share capital, the Company could purchase up to 40,344,954 shares.   The maximum purchase price was set at EUR 28.6 per share. The authorisation further limits the amount of funds allocated to the programme to EUR 600 million.   The Board of Directors will ensure that the implementation of the buybacks is conducted in compliance with the prudential requirements as set by the regulations.   Duration of share buybackprogramme   ThecombinedGeneralMeetingdated22May2019setthedurationoftheauthorisationfortheCompanyto buy and sell its own shares at 18 months from the date of the GeneralMeeting.               Press contact:   Stephanie Jonville [phone] [e-mail]         ALD   ALD is a global leader in mobility solutions providing full service leasing and fleet management services across 43 countries to a client base of large corporates, SMEs, professionals and private individuals. A leader in its industry, ALD places sustainable mobility at the heart of its strategy, delivering innovative mobility solutions and technology-enabled services to its clients, helping them focus on their everyday business.   With over 6,500 employees worldwide, ALD manages 1.68 million vehicles (at end March2019).   ALD is listed on Euronext Paris, compartment A (ISIN: FR0013258662; Ticker: ALD) and its share is included in the SBF120 index. ALD's controlling shareholder is SocieteGenerale.   For more information, you can follow us on Twitter @ALDAutomotive        or visit www.aldautomotive.com.   Regulatory filing PDF file Document title: ALD Share buyback program Document: http://n.eqs.com/c/fncls.ssp?u=EIQFVKJKEK

Language:	English
Company:	ALD
	1 Rue Eugène et Armand Peugeot
	92500 Rueil-Malmaison
	France
Internet:	https://www.aldautomotive.com/
ISIN:	FR0013258662
Euronext Ticker:	ALD
AMF Category:	Share buyback / Disposal of own shares / Description of the buyback programme
EQS News ID:	815833

End of Announcement	EQS News Service

815833  27-May-2019 CET/CEST