Aramis Group's Share Buyback: A Strategic Move for Employee Engagement and Capital Efficiency

Arcueil, August 2, 2024—Aramis Group, the European leader in B2C online used car sales, has announced the implementation of a share buyback program. This initiative follows the 11th and 16th resolutions of the General Meeting held on February 9, 2024, and is part of the company's value-sharing strategy defined during its IPO in 2021. The primary objective of this share buyback program is to allocate the repurchased shares to cover the performance share allocation plans for the Group's key managers and employees, fostering a culture of engagement and commitment to the company's long-term success.

The share buyback program aligns with Aramis Group's long-term financial objectives and value-sharing strategy in several ways. First, it fosters employee engagement and retention by allocating repurchased shares to key managers and employees, creating a sense of ownership and aligning their interests with those of the shareholders. Second, it demonstrates Aramis Group's commitment to financial discipline and capital efficiency by repurchasing shares when their market price is relatively low, potentially enhancing earnings per share (EPS) and return on equity (ROE) metrics. Lastly, the share buyback program supports Aramis Group's long-term financial objectives by reducing the number of outstanding shares, improving financial metrics, and better positioning the company for future growth opportunities.

The repurchase of shares by Aramis Group has two main impacts on its capital structure and employee shareholding. First, it reduces the number of outstanding shares, increasing the ownership percentage of existing shareholders, including the company itself. This can lead to a higher EPS and potentially increase the company's stock price. In this case, Aramis Group repurchased 700,000 shares, representing 0.84% of its capital. Second, the repurchased shares are intended to be allocated to key managers and employees as part of the performance share allocation plans. This is a form of employee compensation and can help align employee interests with those of the company, fostering a culture of shared ownership and responsibility.

In conclusion, Aramis Group's share buyback program is a strategic move that aligns with the company's long-term financial objectives and value-sharing strategy. By repurchasing shares and allocating them to key managers and employees, Aramis Group fosters employee engagement, demonstrates financial discipline, and supports the company's long-term financial goals. This initiative is a testament to Aramis Group's commitment to creating value for all its stakeholders and ensuring the company's long-term success.