Aramis Group Boosts Shareholder Confidence with Recent Buybacks

Author: Kelly Martin Updated: 09-10-2024 04:00 PM

Declaration of Share Transactions by Aramis Group

In an effort to enhance shareholder value and reinforce market confidence, Aramis Group has undertaken a series of transactions involving its own shares. These actions are part of a broader strategy initiated in response to authorizations granted by the General Assembly earlier this year. This declaration includes purchases conducted within a specific timeframe aimed at bolstering the company's market standing.

Overview of the Share Transactions

From the outset of September, specifically from the 2nd to the 6th, 2024, Aramis Group executed a total of 6,657 share purchases. This initiative aligns with the group’s strategic objectives that were established during the shareholder meeting. The company's ticker symbol is FR0014003U94, allowing investors to easily track Aramis Group's trading activities on the stock market.

Details of Transactions

Here’s a breakdown of the noteworthy transactions made during this period:

On September 3, Aramis Group purchased 6,150 shares at an average price of €5.1654 on the XPAR market. The following day, a total of 507 shares were acquired at an average price of €5.1921. These purchases illustrate the group's commitment to maintaining robust liquidity and optimizing shareholder returns.

Strategic Implications of Buybacks

Share buybacks are often viewed as a clear indicator of a company's confidence in its future prospects. By repurchasing shares, Aramis Group not only signals to the market its belief in the value of its stock but also aims to reduce the total number of shares outstanding, potentially increasing earnings per share in the long run. This strategic move reflects the group’s ongoing dedication to maximizing shareholder wealth.

Market Context and Future Outlook

With a strong foothold in the European online used car market, Aramis Group continues to grow its influence across six countries. The company operates under a unique model, reinforcing its commitment to sustainability and the circular economy. This growth trajectory is supported by impressive figures, with revenues expected to reach or even surpass €2 billion this fiscal year. Furthermore, sales projections indicate that the company may sell over 110,000 vehicles directly to consumers, demonstrating its solid market demand.

About Aramis Group

Founded in 2001, Aramis Group has become a leader in B2C online used car sales. Known for its innovation in vehicle refurbishing and e-commerce expertise, the group employs over 2,500 professionals and manages eight industrial-scale refurbishing centers throughout Europe. With a significant online presence attracting over 70 million visitors each year, Aramis Group is well-positioned to continue its expansive growth and leadership in the industry.

Contact Information for Investors

If you're interested in learning more about Aramis Group's financial strategies or share performance, please reach out to Alexandre Leroy, the Head of Investor Relations and Financing and Cash Management, at:

Email: alexandre.leroy@aramis.group
Phone: +33 (0)6 58 80 50 24

Frequently Asked Questions

What is Aramis Group's recent share transaction about?

Aramis Group has announced recent share buybacks as part of its strategy to enhance shareholder value and market confidence.

When were the share transactions conducted?

The transactions were conducted between September 2 to 6, 2024.

What was the total number of shares purchased?

A total of 6,657 shares were purchased during this period.

How does Aramis Group's buyback impact shareholders?

The buyback can potentially increase earnings per share, thereby enhancing shareholder returns and reflecting the company’s confidence in its prospects.

How can investors contact Aramis Group?

Investors can contact Alexandre Leroy via email at alexandre.leroy@aramis.group or call at +33 (0)6 58 80 50 24.

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