Trigano S.A. commences an Equity Buyback Plan for 1,900,000 shares, representing 9.83% for €380 million, under the authorization approved on January 7, 2020.
January 31, 2020 at 06:13 pm EST
Share
Trigano S.A. (ENXTPA:TRI) commences share repurchases in October 2020, under the program mandated by the shareholders in the Mixed General Meeting held on January 7, 2020. As per the mandate, the company is authorized to repurchase up to 1,900,000 shares, representing 9.83% of its issued share capital for a total of €380 million. The shares will be repurchased at a price of €200 per share. The shares repurchased will be used to ensure liquidity and to animate the stock market through a service provider investment in the context of a liquidity agreement, to grant stock options to the officers of the company and its subsidiaries, cancelled, or used for any other purpose as recognized by the law. The authority shall be valid for a period of 13 months.
Trigano specializes in the design, manufacturing, and marketing of leisure vehicles and equipment. Net sales break down by family of products and services as follows:
- leisure vehicles (94.5%): motor-homes (78.2% of net sales; Europe's No. 1 automaker; 48,400 vehicles sold in 2022/23; Trigano, Challenger, Autostar, Arca, Chausson, Roller Team, Eura-Mobil, Karmann-Mobil brands, etc.), caravans (7.9%; 14,300 units; Sterckeman and Caravelair), mobile-homes (3.6%; 4,500 units; Résidences Trigano) and other (1.8%). The group also offers vehicle equipment (8.5%; refrigerators, kitchen appliances, screen porches, etc.; Camping-Profi, Euro Accessoires, Clairval, etc.) as well as leasing and financing services;
- leisure equipment (5.5%): primarily trailers (112,100 trailers sold in 2022/23; Erca, Sorel, Trelgo brands, etc.), garden equipment (swings, garden sheds, swimming pools; Abak, Amca, Yardmaster), and campsite equipment (tents, caravan awnings; Jamet, Plisson, etc.).
Net sales are distributed geographically as follows: France (32.6%), Germany (24%), the United Kingdom (10.7%), Italy (6.5%), Belgium (4.6%), Spain (4.2%), the Netherlands (3.6%), Sweden (3.1%), Switzerland (1.5%), Denmark (1.3%), Norway (1.1%) and other (6.8%).
Trigano S.A. commences an Equity Buyback Plan for 1,900,000 shares, representing 9.83% for €380 million, under the authorization approved on January 7, 2020.
TRIGANO 
