AMSTERDAM: Arcadis announced the start of a share buyback program to repurchase up to 1.85 million shares to cover existing obligations under employee incentive plans and to cover commitments for stock dividend.
The intention to launch this buyback program was announced in the press release of the full year results 2020, published on 18 February 2021.
The buyback will be within the limitations of the authority 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. Trading decisions will be made independently of Arcadis N.V. to allow for share buybacks in the open market during both open and closed periods.
Arcadis is a leading global Design & Consultancy organization for natural and built assets. Arcadis is active in over 70 countries that generate €3.5 billion in revenues. www.arcadis.com