Boskalis initiates EUR 100 million share buyback program
15 Mars 2019 - 8:00AM
Papendrecht, 15 March 2019
Royal Boskalis Westminster N.V. (Boskalis)
announces the start of a EUR 100 million share buyback
program. Based on the current share price, this represents
approximately 4.1 million shares representing slightly more than 3
percent of the current outstanding share capital.
The buyback program is aimed at reducing the
issued share capital and was announced earlier this year. It is the
intention to complete the program over a period of 18 months.
Boskalis has engaged ING Bank N.V. to carry out the repurchasing of
shares during open and closed periods.
Boskalis will provide weekly updates on the
progress of the program on boskalis.com/sharebuyback and will
publish a press release every Monday for the duration of the
buyback program, provided shares were repurchased in the preceding
week. Interested parties can subscribe to these share buyback press
releases at ir@boskalis.com. Individual press releases will be
available on request at the same email address.
This is a
Boskalis press release on the grounds of article 17 paragraph 1 of
the European Market Abuse Regulation (596/2014).
This is an
English translation of the Dutch press release. In the event of any
disparity between the Dutch original and this translation, the
Dutch text will prevail. 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.
With core activities such as coastal defense, riverbank protection
and land reclamation Boskalis is able to provide adaptive and
mitigating solutions to combat the effects of climate change, such
as extreme weather conditions and rising sea levels, as well as
delivering solutions for the increasing need for space in coastal
and delta regions across the world. The company facilitates the
development of offshore energy infrastructure, including renewable
wind energy. Boskalis is furthermore active in the construction and
maintenance of ports, waterways, access channels and civil
infrastructure, thus helping to facilitate trade flows and regional
socio-economic development. 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 11,300
employees, including associates, Boskalis is creating new horizons
around the world.
This press release can also be found on our
website www.boskalis.com.
PDF version of this 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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