How does the share buyback work at CARINVEST GROUP?

How can you recover the amount you invested at the end of the term? Two documents in the standard CARINVEST FRANCE subscription package answer this question. The shareholders’ agreement sets out the terms of the share buyback. The investment schedule in Appendix B of the subscription agreement specifies the expected timeframe for repayment.

What does it mean to become a CARINVEST FRANCE shareholder?

When you subscribe for shares in CARINVEST FRANCE, you become a shareholder in the company. Like shareholders in a listed company, you have the right to participate in collective decisions. You receive notice of general meetings and can attend or appoint a proxy in accordance with the company’s articles of association. Article 1844 of the French Civil Code

As of November 2026, CARINVEST GROUP has more than 300 shareholders. CARINVEST FRANCE shares are unlisted. The shareholders’ agreement includes a buyback commitment that sets out how the shares can be transferred.

Who buys back the shares, and how do you exercise the option?

Under the standard agreement described here, CARINVEST FRANCE commits to buying back the shares if the shareholder exercises the option in accordance with the shareholders’ agreement. The shareholder does not need to find a buyer. They must give the required notice and follow the agreed procedure. The agreement also specifies the period during which the shares cannot be transferred.

Our team tracks investment end dates and helps shareholders with the process. As the term draws to a close, the team can explain how to request a buyback or make a new subscription.

How is the buyback price set, and when are funds repaid?

The transfer price is based on the fair market value of the shares, with a floor equal to their nominal value at the time of subscription. If the subscription also includes a contribution to a shareholder loan account, the shareholders’ agreement provides for the company to repay the outstanding credit balance when the shares are transferred.

Appendix B sets out the investment term, the rate of return, the payment schedule and the expected timeframe for repayment. Read it alongside the shareholders’ agreement, which explains when and how to exercise the option. The buyback and payments depend on the company’s ability to meet its obligations.

What business does your investment finance?

CARINVEST GROUP sells used vehicles in Poland, where its subsidiary operates the lease-to-own business. The used vehicle market serves everyday needs. Individuals buy vehicles for daily travel. Businesses use them to visit customers, transport equipment or make deliveries. Kamux estimates that around 45 million used cars change hands in Europe each year. Kamux overview of the European used car market

We can adjust our fleet purchases as demand changes. We select vehicles across different makes, powertrains and price ranges, from passenger cars to commercial vehicles.

Under a lease-to-own agreement, the customer makes an initial payment and then pays the agreed instalments. The company operating the vehicle retains ownership until the transfer specified in the agreement. If a customer misses payments, the company may recover and resell the vehicle, subject to the terms of the agreement and applicable law.

What role can the vehicles play in a liquidation?

Vehicles are tangible, identifiable assets that can be resold. If the company that owns them enters liquidation, the proceeds from their sale can help settle its debts. The funds available depend on factors including the sale prices, the costs of the proceedings and the priority of creditors’ claims. French public service guidance on company liquidation

If a subsidiary owns the vehicles, their sale does not automatically give investors in the French company a claim to the proceeds. In a liquidation governed by French law, shareholders can recover some or all of their equity contribution only if funds remain after the company’s debts have been paid. Any balance owed on a shareholder loan account is treated as a creditor claim and ranked accordingly. Article 1844-9 of the French Civil Code

What risks should you consider?

Demand for transport supports the used vehicle market over time, but sales volumes and resale prices can vary. War, a natural disaster or an economic crisis can disrupt operations, reduce asset values or affect a company’s ability to pay. All investments involve risk. Where a guarantee exists, the protection it offers depends on its scope and terms and on the guarantor’s ability to honour it.

Before subscribing, ask for the shareholders’ agreement and Appendix B for the offer you are considering. Our team can explain the steps you need to take, the buyback terms and the expected repayment timeframe for your investment. Speak with CARINVEST GROUP

Investing involves a risk of partial or total loss of capital and a risk of illiquidity.