Cryo-Save Group: Announcement buyback of shares
(Thomson Reuters ONE) -
Cryo-Save Group N.V. (Euronext: CRYO, 'Cryo-Save', or 'the Group'), Europe's
leading adult stem cell storage bank, announces that it has commenced a new
tranche of its share buyback programme.
Based on the authorization granted by the General Meeting of Shareholders on 19
May 2010, Cryo-Save intends to buy 100,000 shares representing approximately 1%
of its outstanding shares. This tranche of the share buyback programme will have
a maximum value of approximately EUR 0.5 million based on the stock price at
4 January 2011, and will be funded by the Group's existing cash reserves.
The shares acquired will remain available for the general purposes of the Group,
including but not limited to merger and acquisition activities, dividend payment
and satisfying exercised share options under the Group's share option scheme.
The buyback programme will be executed by Kempen & Co.
Enquiries:
Cryo-Save Group + 31 (0) 575 548 998
Arnoud van Tulder, Chief Executive Officer
SPJ Financiële Communicatie (The Netherlands) +31 (0)20 647 8181
Kees Jongsma/Leon Melens
Kempen & Co (The Netherlands) +31 (0)20 348 8237
Joris Voorhoeve
Daniel Stewart & Company plc (UK) + 44 (0) 20 7776 6550
Chris Theis
College Hill (UK) + 44 (0) 20 7457 2020
Rozi Morris/ Adrian Duffield
Free footage is available on www.videobankonline.com
About Cryo-Save
With more than 140,000 samples saved, Cryo-Save is the leading stem cell bank in
Europe and one of the fastest growing in the world. Driven by its international
business strategy, Cryo-Save is now represented in 40 countries on three
continents with state-of-the-art processing facilities in Belgium, Germany,
Dubai, India and France (in progress).
click here for press release in PDF:
http://hugin.info/143308/R/1477410/413485.pdf
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Source: Cryo-Save Group N.V. via Thomson Reuters ONE
[HUG#1477410]
Unternehmensinformation / Kurzprofil:
Datum: 06.01.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 50238
Anzahl Zeichen: 2819
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