RHJ International: Launch of a Share Buy-Back Program
(Thomson Reuters ONE) -
Brussels, December 10, 2010 - RHJ International (Euronext: RHJI) announces the
launch of a share buy-back program for an amount of up to 2,500,000 shares
(representing 2.9% of total outstanding shares) and up to EUR 15,000,000. The
program is expected to commence today. The program relies on and will take place
in accordance with the authority granted to RHJ International by its
Shareholders' Meeting of September 15, 2009. The program will be executed
through trades on Euronext Brussels and will run until April 30, 2011. The
program is implemented in accordance with the EU Regulation 2273/2003 of
December 22, 2003 (as regards certain exemptions for share buy-back programs).
RHJ International has appointed a financial institution which will manage the
program under a discretionary management agreement. Shares acquired on any
single trading day will not exceed 25% of the average daily trading volume for
the shares on Euronext Brussels during the 20 stock exchange days preceding the
date of each purchase. The shares acquired under the program will be allocated,
in the future, to employees of RHJ International or of affiliated or associated
companies under RHJ International's incentive compensation plan. Trades made
under the program will be reported on a weekly basis through the website of RHJ
International. RHJ International currently has 97,671 treasury shares.
About RHJ International:
RHJ International (Euronext: RHJI) is a limited liability company incorporated
under the laws of Belgium, having its registered office at Avenue Louise
326, 1050 Brussels, Belgium. RHJI is transforming itself from a diversified
industrial holding company into an active and dynamic financial services group.
For further information visit: www.rhji.com.
For further information please contact:
Arnaud Denis
Investor Relations Director
Tel: +32 2 643 60 13
E-mail:adenis(at)rhji.com
Full Press Release (PDF):
http://hugin.info/135946/R/1471064/407999.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: RHJ International SA via Thomson Reuters ONE
[HUG#1471064]
Unternehmensinformation / Kurzprofil:
Datum: 10.12.2010 - 08:36 Uhr
Sprache: Deutsch
News-ID 49596
Anzahl Zeichen: 2845
contact information:
Town:
Brussels
Kategorie:
Business News
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