Boskalis initiates share buyback
July 03 2017 - 1:00AM
Papendrecht, 3 July 2017
Royal Boskalis Westminster N.V. (Boskalis) is
starting a share buyback program to reduce the capital outstanding
with the intention to neutralize the dilution resulting from the
distribution of the 2016 stock dividend. On 6 June Boskalis issued
over 3.2 million new shares as stock dividend which at that time
represented a value of over EUR 100 million. The
intention is to complete the buyback program before the next
General Meeting of Shareholders.
Boskalis has engaged a third party to carry out
the repurchasing of shares during open and closed periods. Boskalis
will provide weekly updates on the progress of the program on
www.boskalis.com/sharebuyback2017.
Boskalis 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 press releases at ir@boskalis.com. Individual press
releases will be available on request at the same email
address.
For further information
Investor relations:
Martijn L.D. Schuttevâer
ir@boskalis.com
T +31 78 6969310
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 services including the
construction and maintenance of ports and waterways, land
reclamation, coastal defense and riverbank protection. In addition,
Boskalis offers a wide variety of marine services and contracting
for the oil and gas sector and offshore wind industry as well as
salvage solutions (SMIT Salvage). Furthermore, Boskalis has a
number of strategic partnerships in harbour 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 11,700 employees, including associated
companies, Boskalis operates in over 90 countries across six
continents.
This press release can also be found on our
website www.boskalis.com.
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.
pdf version press release
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions 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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