ARCADIS commences its annual share buyback program to cover incentive obligations
(Thomson Reuters ONE) -
January 9, 2015 - ARCADIS (EURONEXT: ARCAD), the world's leading natural and
built asset design & consultancy firm, today announced the commencement of a
share buyback program over the next 6 months to repurchase up to 1.5 million
shares in order to cover obligations resulting from ARCADIS share plans and
other agreements related to recruitment and retention. ARCADIS will hold the
repurchased shares as treasury shares until they are distributed to
participants.
The program will be executed within the parameters of the safe harbour for
buyback programs provided by Commission Regulation (EC) No 2273/2003 and in
compliance with applicable laws and regulations, as well as within the
limitations of the authorities granted by the Annual General Meeting of
Shareholders (including but not limited to the current limitation that the
repurchase price must be at most the average of the share closing price
according to the Daily Official List of Euronext Amsterdam N.V. on each of the
five trading days preceding the date of repurchase, increased with 10%).
ARCADIS used to repurchase shares twice a year to meet these obligations. It has
now been decided to implement the share buyback program for this purpose and
under the program ARCADIS has mandated an intermediary to buy back the shares on
ARCADIS' behalf.
Overviews of all transactions under this program will be published on ARCADIS'
website (http://ir.arcadis.com/) on a weekly basis.
For more information please contact Joost Slooten at +31 (0) 20 2011083, or
outside office hours at +31 (0) 6 27061880 or joost.slooten(at)arcadis.com
About ARCADIS: ARCADIS is the leading global natural and built asset design &
consultancy firm working in partnership with our clients to deliver exceptional
and sustainable outcomes through the application of design, consultancy,
engineering, project and management services. ARCADIS differentiates through its
talented and passionate people and its unique combination of capabilities
covering the whole asset life cycle, its deep market sector insights and its
ability to integrate health & safety and sustainability into the design and
delivery of solutions across the globe. We are 28,000 people that generate ?3
billion in revenues. We support UN-Habitat with knowledge and expertise to
improve the quality of life in rapidly growing cities around the world. Please
visit: www.arcadis.com
ARCADIS commences its annual share buyback program :
http://hugin.info/132839/R/1885783/666612.pdf
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Source: ARCADIS N.V. via GlobeNewswire
[HUG#1885783]
Unternehmensinformation / Kurzprofil:
Datum: 09.01.2015 - 17:35 Uhr
Sprache: Deutsch
News-ID 363448
Anzahl Zeichen: 3285
contact information:
Town:
Amsterdam
Kategorie:
Business News
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