Start buy-back programme Nutreco shares on 11 February 2011
(Thomson Reuters ONE) -
Nutreco announced that its share buy-back programme for 650,000 shares
(approximately EUR 35 million) starts on 11 February 2011. The share buy-back
programme will be executed with the purpose to cover future stock dividends and
employee stock plans.
Above mentioned share buy-back programme will be executed in accordance with the
mandate given by the Annual General Meeting of Shareholders on 1 April 2010.
Within the limits set at that meeting, the maximum price to be paid for the
Nutreco shares will be 110% of the average closing price of the last five
preceding trading days on Euronext Amsterdam by NYSE Euronext.
The share buy-back programme will ultimately terminate on 15 April 2011, unless
the maximum number of 650,000 shares has been repurchased prior to such date. In
that case the programmes will end on the date on which this maximum is reached
and such early termination will immediately be disclosed.
Nutreco has mandated the execution of the share buy-back programme to ABN AMRO
Bank N.V., which makes its trading decisions with regard to the number of shares
and the timing of the purchases, independently of Nutreco. This means that the
share buy-back programme may be continued during closed periods.
Nutreco will provide updates on the progress of the programme by means of weekly
press releases.
***
Nutreco
Nutreco is a global leader in animal nutrition and fish feed. Our advanced feed
solutions are at the origin of food for millions of consumers worldwide.
Quality, innovation and sustainability are guiding principles, embedded in the
Nutreco culture from research and raw material procurement to products and
services for agriculture and aquaculture. Experience across 100 years brings
Nutreco a rich heritage of knowledge and experience for building its future.
Nutreco employs over 10,000 people in 30 countries, with sales in 80 countries.
Nutreco is listed on the NYSE Euronext stock exchange in Amsterdam and with
annual revenues of EUR 4.9 billion in 2010.
www.nutreco.com
For more information:
Jurgen Pullens, Director Investor Relations and Corporate Communications,
Nutreco
Telephone: +31 (0)33 422 6134
Mobile: +31 (0)6 5159 9483
E-mail: jurgen.pullens(at)nutreco.com
Start buy-back programme Nutreco shares on 11 February 2011:
http://hugin.info/133565/R/1487780/423231.pdf
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Source: Nutreco via Thomson Reuters ONE
[HUG#1487780]
Unternehmensinformation / Kurzprofil:
Datum: 11.02.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 51349
Anzahl Zeichen: 3331
contact information:
Town:
Amersfoort
Kategorie:
Business News
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