ALD ALD SA

Change of Company name and ticker symbol on Euronext Paris

Change of Company name and ticker symbol on Euronext Paris

Paris, 30 May 2024

Following the approval by the Combined Shareholders Meeting of the change of the Company’s name from ALD to Ayvens on 14 May 2024, the Company announces that as of 3 June 2024, its shares will be traded under ticker symbol “AYV” (instead of “ALD”) on Euronext Paris, with the ISIN and Euronext code remaining unchanged.

Debt securities issued by Ayvens may have their symbol modified as communicated by the relevant listing venues.



About Ayvens
Ayvens is the leading global sustainable mobility player committed to making life flow better. We’ve been improving mobility for decades, providing full-service leasing, flexible subscription services, fleet management and multi-mobility solutions to large international corporates, SMEs, professionals and private individuals. With more than 14,500 employees across 42 countries, 3.4 million

vehicles and the world’s largest multi-brand EV fleet,

we’re leveraging our unique position to lead the way to net zero and spearhead the digital transformation of the mobility sector. The company is listed on Compartment A of Euronext Paris (ISIN: FR0013258662; Ticker: ALD, becoming AYV from 3 June 2024). Societe Generale Group is Ayvens majority shareholder.



Find out more at ayvens.com



 
Press contact
Elise Boorée

Communications Department

Tel: +33 (0)6 25 01 24 16

   

Attachment



EN
30/05/2024

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Reports on ALD SA

Geoffroy Michalet
  • Geoffroy Michalet

Ayvens : The EV residual value issue remains but the risk/return ratio...

Although the uncertainty surrounding EV residual values has not disappeared, this risk is now less critical thanks to the conservative pricing policy adopted since the end of 2023, versus an EPS CAGR of +24% over 2024-2027. Coupled with the successful execution of synergies, we have significantly upgraded our target price to € 12 from € 6.0 (lower cost of capital) and our rating to Outperform from Neutral.

Geoffroy Michalet
  • Geoffroy Michalet

Ayvens : La question de la valeur résiduelle des EV subsiste mais le r...

Si l‘incertitude liée à la valeur résiduelle des EV n’a pas disparu, ce risque est désormais moins critique, grâce à la politique de pricing conservatrice depuis fin 2023, et face à un TMVA 2024-2027 des BPA de +24%. Couplé à la bonne exécution des synergies, nous relevons sensiblement notre OC à 12 € vs 6.0 € (coût du capital plus faible) et notre opinion à Surperformance vs Neutre.

 PRESS RELEASE

Appointment of Philippe de Rovira as Chief Executive Officer of Ayvens

Appointment of Philippe de Rovira as Chief Executive Officer of Ayvens The Board of Directors of Ayvens is pleased to announce the appointment of Philippe de Rovira as Chief Executive Officer (“Directeur Général”) following the recommendation of the Nomination Committee as part of its succession planning exercise. This appointment will become effective on 1st December 2025. Philippe de Rovira is due to be appointed by cooptation as member of the Board of Directors of Ayvens upon his taking responsibility as Chief Executive Officer of Ayvens. Tim Albertsen has informed the Board of Director...

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