Fugro N.V. (ENXTAM:FUR) commences share repurchases on March 20, 2024, under the program mandated by shareholders in the Annual General Meeting held on April 26, 2023. As per the mandate, the company is authorized to repurchase up to 10% of its share capital. The shares will be repurchased such that the company does not hold more than 10% of its share capital.

The minimum price to be paid for repurchase should not be less than its nominal value and the maximum price to be paid for repurchase should not be higher than 10% above the average of the closing price of the shares on Euronext Amsterdam for the five business days preceding the date on which the repurchase is made. The purpose of the program is to fulfill the obligations deriving from employee option and share plans, stock dividend and other purposes. The authority is valid till October 26, 2024.