Nutreco : Start buy-back programme Nutreco shares on 8 February 2013
Nutreco announces that its share buy-back programme for 700,000 shares
(approximately €45 million) will start on 8 February 2013. The share buy-back
programme will be carried out in order to cover future stock dividends and
employee stock plans.
The share buy-back programme will be carried out in accordance with the
mandate given by the Annual General Meeting of Shareholders on 27 March 2012.
Within the limits set at that meeting, the maximum price to be paid for the
Nutreco shares will be 110% of the average closing price of the last five
preceding trading days on the NYSE Euronext Amsterdam stock exchange.
The share buy-back programme will ultimately end on 28 March 2013, unless the
maximum number of 700,000 shares has been repurchased prior to that date. In
that case the programme will end on the date on which this maximum is reached
and the early termination will immediately be disclosed.
Nutreco has mandated ING Corporate Finance to undertake the share buy-back
programme. ING Corporate Finance makes its trading decisions with regard to
the number of shares and the timing of the purchases, independently of
Nutreco. This means that the share buy-back programme may be continued during
Nutreco will provide updates on the progress of the programme by means of
weekly press releases.
End of press release
Nutreco is a global leader in animal nutrition and fish feed. Our advanced
feed solutions are at the origin of food for millions of consumers worldwide.
Quality, innovation and sustainability are guiding principles, embedded in the
Nutreco culture from research and raw material procurement to products and
services for agriculture and aquaculture. Over 100 years of experience brings
Nutreco a rich heritage of knowledge and experience for building its future.
Nutreco employs approximately 10,000 people in 30 countries, with sales in 80
countries. Nutreco is listed on the NYSE Euronext stock exchange in Amsterdam
and had annual revenues of €5.2 billion in 2012.
For more information:
Jurgen Pullens, Director Investor Relations
Telephone: +31 (0)33 422 6134
Mobile: +31 (0)6 5159 9483
This announcement is distributed by Thomson Reuters on behalf of Thomson
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(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Nutreco via Thomson Reuters ONE
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