RHJ International: Extension of a Share Buy-Back Program
(Thomson Reuters ONE) -
Brussels, May 19, 2011 - RHJ International (Euronext: RHJI) announces the
extension of the share buy-back program which started on December 10, 2010, and
ran until April 30, 2011. The program is extended to complete the purchase of
2,500,000 shares for an amount up to EUR 15,000,000. Under the program, 813,870
shares (representing 0.95% of total outstanding shares) remain to be purchased
for an amount of up to EUR 4,700,000.
The program is expected to resume 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 extended for
an indefinite period of time and will be executed through trades on Euronext
Brussels. 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 1,583,755
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/1517069/453535.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#1517069]
Unternehmensinformation / Kurzprofil:
Datum: 19.05.2011 - 17:40 Uhr
Sprache: Deutsch
News-ID 54839
Anzahl Zeichen: 3093
contact information:
Town:
Brussels
Kategorie:
Business News
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