On 8 November 2013, 657,303 outstanding employee stock options, granted in 2010, vested, giving option holders the right to exercise these options at a price of € 32.45 over a period of seven years after the vesting date. Given current stock market prices the Company has decided to initiate a programme under which depositary receipts are bought back to cover future possible exercises of these options with the intention of minimising costs to the Company. The programme will start on 5 June 2014 and cease on 27 June 2014 subject to extension or acceleration. The Company intends to acquire up to a maximum of 657,303 depositary receipts on NYSE Euronext Amsterdam through ABN AMRO Bank N.V..
For additional information please contact:
Jeremy Lewis | Chief Executive | +44 20 7925 7860 |
Evert Jan van Garderen | Finance Director | +31 20 530 6030 |
Kate Goode | Director Investor Relations | +44 20 7925 7860 |
Website: www.eurocommercialproperties.com
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