Royal Boskalis Westminster N.V. (Boskalis) announces the start of a EUR 100 million share buyback program. Based on the current share price, this represents approximately 4.1 million shares representing slightly more than 3 percent of the current outstanding share capital.
The buyback program is aimed at reducing the issued share capital and was announced earlier this year. It is the intention to complete the program over a period of 18 months. Boskalis has engaged ING Bank N.V. to carry out the repurchasing of shares during open and closed periods.
Boskalis will provide weekly updates on the progress of the program on boskalis.com/sharebuyback and will publish a press release every Monday for the duration of the buyback program, provided shares were repurchased in the preceding week. Interested parties can subscribe to these share buyback press releases at email@example.com. Individual press releases will be available on request at the same email address.