Amsterdam, 28 September, 2017 - Arcadis (EURONEXT: ARCAD), the leading global design and consultancy firm for natural and built assets, today announced the commencement of a share buyback program over the next six months to repurchase up to 1 million shares in order to cover obligations resulting from Arcadis share plans and other agreements related to recruitment and retention. Arcadis will hold the repurchased shares as treasury shares until they are distributed to participants.
Arcadis' 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, as well as within the limitations of the authorities granted by the Annual General Meeting of Shareholders including but not limited to the current limitation that the repurchase price must be 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 press releases and on Arcadis' website (https://www.arcadis.com/en/global/investors/) on a weekly basis.
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Improving quality of life
FOR FURTHER INFORMATION PLEASE CONTACT:ARCADIS INVESTOR RELATIONS
Jurgen Pullens
Telephone: +31 20 2011083
Mobile: +31 6 51599483
E-mail: jurgen.pullens@arcadis.com
ARCADIS CORPORATE COMMUNICATIONS
Joost Slooten
Mobile: +31 6 27061880
E-mail: joost.slooten@arcadis.com
REGULATED INFORMATION
This 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.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Arcadis N.V. via Globenewswire