Arcadis starts buyback program to repurchase up to 3 million shares
March 06 2020 - 1:00AM
Arcadis starts buyback program to repurchase up to 3 million shares
Amsterdam, 06 March 2020 -
Arcadis (EURONEXT: ARCAD), the leading global Design &
Consultancy organization for natural and built assets, today
announced the start of a share buyback program to repurchase up to
3 million shares over the next 12 months in order to cover
obligations from employee incentive plans and stock dividends. The
intention of this program was already announced in the press
release of the full year results 2019, published on 13 February.
Arcadis will propose a cancellation of the shares issued as stock
dividend in 2020, during the Annual General Meeting of 2021.
The share buyback program will be executed
within the parameters of the exemption for buyback programs
provided by Article 5 of Regulation (EU) No 596/2014 and Commission
Delegated Regulation (EU) 2016/1052, and in compliance with
applicable laws and regulations. The buyback will be within the
limitations of the authorities granted by the Annual General
Meeting including, but not limited to, the current limitation that
the repurchase price is at a price that is equal to at least the
nominal value of the ordinary shares, and at most the listed share
price plus 10%. For this purpose, the listed share price is
calculated as the average of the share closing price according to
the Daily Official List of Euronext N.V., Amsterdam, on each of the
five trading days preceding the date on which the shares are
acquired.
The share buyback program will be executed by an
intermediary to allow for share buybacks in the open market during
both open and closed periods. Overviews of all transactions under
this program will be published in weekly press releases and on the
website of Arcadis
(https://www.arcadis.com/en/global/investors/).
-End-
For further information please contact:Arcadis Investor
RelationsJurgen PullensMobile: +31 6 51599483E-mail:
jurgen.pullens@arcadis.com
About ArcadisArcadis is a leading global Design &
Consultancy organization for natural and built assets. Applying our
deep market sector insights and collective design, consultancy,
engineering, project and management services we work in partnership
with our clients to deliver exceptional and sustainable outcomes
throughout the lifecycle of their natural and built assets. We are
28,000 people, active in over 70 countries that generate €3.5
billion in revenues. We support UN-Habitat with knowledge
and expertise to improve the quality of life in rapidly
growing cities around the world. www.arcadis.com.
REGULATED INFORMATIONThis press release contains information
that qualifies or may qualify as inside information within the
meaning of Article 7(1) of the EU Market Abuse Regulation.
FORWARD LOOKING STATEMENTSStatements included in this press
release that are not historical facts (including any statements
concerning investment objectives, other plans and objectives of
management for future operations or economic performance, or
assumptions or forecasts related thereto) are forward-looking
statements. These statements are only predictions and are not
guarantees. Actual events or the results of our operations could
differ materially from those expressed or implied in the
forward-looking statements. Forward-looking statements are
typically identified by the use of terms such as “may,” “will”,
“should”, “expect”, “could”, “intend”, “plan”, “anticipate”,
“estimate”, “believe”, “continue”, “predict”, “potential” or the
negative of such terms and other comparable terminology. The
forward-looking statements are based upon our current expectations,
plans, estimates, assumptions and beliefs that involve numerous
risks and uncertainties. Assumptions relating to the
foregoing involve judgments with respect to, among other things,
future economic, competitive and market conditions and future
business decisions, all of which are difficult or impossible to
predict accurately and many of which are beyond our control.
Although we believe that the expectations reflected in such
forward-looking statements are based on reasonable assumptions, our
actual results and performance could differ materially from those
set forth in the forward-looking statements.
- Arcadis starts buyback program to repurchase up to 3 million
shares
Arcadis NV (EU:ARCAD)
Historical Stock Chart
From Apr 2024 to May 2024
Arcadis NV (EU:ARCAD)
Historical Stock Chart
From May 2023 to May 2024