Arcadis starts buyback program to repurchase up to 810,000 shares to cover employee incentive plan obligations
October 04 2024 - 1:00AM
UK Regulatory
Arcadis starts buyback program to repurchase up to 810,000 shares
to cover employee incentive plan obligations
Arcadis starts buyback program to repurchase up to
810,000 shares to cover employee incentive plan
obligations
Amsterdam, October 4, 2024 - Arcadis (EURONEXT: ARCAD), the
leading data driven global Design & Consultancy organization
for natural and built assets, today announced the start of a share
buyback program to repurchase up to 810,000 shares to cover
existing and expected future obligations under Arcadis’ employee
incentive plans maturing in the next 3 – 4 years. This is in line
with Arcadis’ commitment to avoid shareholder dilution from
share-based remunerations. The repurchase of shares will commence
on October 4, 2024, and is expected to be completed no later than
February 4, 2025.
The share buyback program will be executed within the parameters
of the exemption for buyback programs provided by Article 5 of
Regulation (EU) No 596/2014 and Commission Delegated Regulation
(EU) 2016/1052. The 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.
The buyback will be within the limitations of the authority
granted by the General Meeting of Arcadis N.V., including 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 no
more than 10% above the listed share price. 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 in
Amsterdam, on each of the five trading days preceding the date on
which the shares are acquired.
Overviews of all transactions under this program will be
published in weekly press releases and on the website of Arcadis
(https://www.arcadis.com/en/global/investors/).
ARCADIS INVESTOR RELATIONS
Christine Disch | +31 (0)615376020 |
christine.disch@arcadis.com
ABOUT ARCADIS
Arcadis is the world’s leading company delivering data-driven
sustainable design, engineering, and consultancy solutions for
natural and built assets. We are more than 36,000 architects, data
analysts, designers, engineers, project planners, water management
and sustainability experts, all driven by our passion for improving
quality of life. As part of our commitment to accelerating a planet
positive future, we work with our clients to make sustainable
project choices, combining digital and human innovation, and
embracing future-focused skills across the environment, energy and
water, buildings, transport, and infrastructure sectors. We operate
in over 30 countries, and in 2023 reported €5.0 billion in gross
revenues. www.arcadis.com
REGULATED INFORMATION
This press release contains information that qualifies or may
qualify as inside information within the meaning of Article 7(1) of
the EU Market Abuse Regulation.
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