Boskalis announces intended share buyback program
12 Février 2019 - 11:43AM
Papendrecht, 12 February 2019
Royal Boskalis Westminster N.V. (Boskalis)
yesterday announced the intended sale of its stake in SAAM SMIT
Towage with expected proceeds of more than EUR 175 million. Subject
to the closing of this transaction, Boskalis intends to buy back
the equivalent of EUR 100 million of its own shares. Based on the
current share price, this represents 4.4 million shares or 3.3
percent of the current outstanding share capital. The actual start
and details of the share buyback program will at that time be
announced through a press release.
This is a
Boskalis press release on the grounds of article 17 paragraph 1 of
the European Market Abuse Regulation (596/2014).
Royal Boskalis
Westminster N.V. is a leading global services provider operating in
the dredging, maritime infrastructure and maritime services
sectors. The company provides creative and innovative all-round
solutions to infrastructural challenges in the maritime, coastal
and delta regions of the world. Core activities, including coastal
defense, riverbank protection and land reclamation, allow Boskalis
to provide adaptive and mitigating solutions to combat the impacts
of climate change, sea level rise and to deliver solutions for the
increasing need for space in coastal and delta regions in the
world. The company facilitates the development of offshore energy
infrastructure, including renewables. It is furthermore active in
the construction and development and maintenance of ports,
waterways, access channels and civil infrastructure, contributing
to improved trade flows and the socio-economic development of a
region. In addition, Boskalis is a global marine salvage expert and
has a number of strategic partnerships in harbor towage and
terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit
Towage and Smit Lamnalco). With a versatile fleet of more than 900
vessels and floating equipment and 10,700 employees, including
associated companies, Boskalis is building new horizons in 90
countries across six continents.
This press release can also be found on our
website www.boskalis.com.
pdf version press release
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Koninklijke Boskalis Westminster N.V. via
Globenewswire
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