Start buy back programme Nutreco shares on 17 March 2010
(Thomson Reuters ONE) -
Nutreco announced that its share buy back programme for approximately EUR 27
million starts on 17 March 2010. The share buy back program will be executed
with purpose to cover employee stock plans (approximately 125,000 shares) and
with the purpose to cover future stock dividends (approximately 475,000 shares).
Above mentioned share buy back programme will be executed in accordance with the
mandate given by the Annual General Meeting of Shareholders on 21 April 2009.
Within the limits set at that meeting, the maximum price to be paid for the
Nutreco shares will be (i) the price of the last independent trade or (ii) the
highest current independent bid on Euronext Amsterdam by NYSE Euronext,
depending on which price is the highest.
The share buy back programme will ultimately terminate on 7 May 2010, unless the
maximum number of 600,000 shares has been repurchased prior to such date. In
that case the programmes will end on the date on which this maximum is reached
and such early termination will immediately be disclosed.
Nutreco has mandated the execution of the share buy back programme to The Royal
Bank of Scotland N.V. which makes its trading decisions, with regard to the
number of shares and the timing of the purchases, independently of Nutreco
within certain limits. This means that the share buy back programme may be
continued during closed periods.
* * * * *
Nutreco
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. Experience across 100 years 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 with annual revenues of EUR 4.5 billion in 2009.
www.nutreco.com
For more information:
Jurgen Pullens, Director Investor Relations and Corporate Communications,
Nutreco
Telephone: +31 (0)33 422 6134
Mobile: +31 (0)6 5159 9483
E-mail: jurgen.pullens(at)nutreco.com
[HUG#1394619]
Start buy back programme Nutreco shares on 17 March 2010: http://hugin.info/133565/R/1394619/351425.pdf
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Datum: 17.03.2010 - 02:01 Uhr
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