D’Ieteren Group, which owns Belron, the parent company of Safelite AutoGlass and Safelite Solutions, announced the purchase and disposal of treasury shares between Sept. 3 and Sept. 7, 2021.
D’Ieteren Group signed a liquidity contract on Sept. 3 with Kepler Cheuvreux to trade the group’s shares on Euronext Brussels. According to information released by the company, the transaction was arranged within the framework of a discretionary mandate and will apply customary limitations to the transaction as stated in the contract. Kepler Cheuvreux began trading the group’s shares on Sept. 3 and will do so for one year.
D’Ieteren Group’s total shares numbered 1,046,363 on Sept. 7, and the total number of ordinary shares equals 54,367,928.
“In existence since 1805, and across family generations, D’Ieteren Group seeks growth and value creation by pursuing a strategy on the long term for its businesses and actively encouraging and supporting them to develop their position in their industry and geographies,” the press release states.
The group owns 50.01% of Belron, and Belron’s purpose continues to be “making a difference by solving people’s problems with real care.”
Belron owns auto glass repair and replacement companies in many countries. Holdings include Carglass®, Safelite® and Autoglass®. Belron also manages vehicle glass and other insurance claims for insurance customers through Safelite Solutions.