Koninklijke Boskalis Westminster N.V.: Boskalis to launch share buyback
Papendrecht, 14 August 2014
Royal Boskalis Westminster N.V. (Boskalis) announces the start of its share
buyback program. Within the framework and based on the principles of its
business plan for the 2014-2016 period Boskalis intends to execute a buyback
program for up to 10 million of its own shares. The program will be executed
in the next two and a half years, subject to the development of the financial
results and maintaining the desired balance sheet ratios.
The program will be implemented by agents through purchases during open and
The program will be carried out in accordance with the conditions of the
authorization granted by the General Meeting of Shareholders of Boskalis on 13
May 2014 and under the condition that this authorization is granted again
after 18 months.
Boskalis is authorized to cancel the ordinary shares that have been purchased
under the program. Boskalis will publish a weekly press release stating the
progress of the program.
For further information
Martijn L.D. Schuttevâer
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 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 offshore
energy sector including subsea, heavy transport, lifting and installation
(through Boskalis Offshore and Dockwise) and towage and salvage (through
SMIT). It also has a strategic partnership in terminal services (Smit
Lamnalco). With a versatile fleet of 1,100 units Boskalis operates in around
75 countries across six continents. Including its share in partnerships,
Boskalis has 11,000 employees.
This press release can also be found on our website www.boskalis.com.
pdf version press release
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX 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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