12.06.2014 07:00:29

Start buy-back programme Nutreco shares on 12 June 2014

Nutreco announces that a share buy-back programme for 1,400,000 shares (approximately €45 million) will start on 12 June 2014. The share buy-back programme will be carried out in order to cover future stock dividends and employee stock plans as already announced in the full year results 2013 press release of 6 February 2014.

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 2014. 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 31 December 2014, unless the maximum number of 1,400,000 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 ABN AMRO to undertake the share buy-back programme. ABN AMRO makes its trading decisions with regard to the number of shares and the timing of the purchases, independently of Nutreco.

END OF PRESS RELEASE 


Note to the editor (not for publication)
This press release is also published in Dutch. In the event of differences, the English language version shall prevail as the authoritative version.

Driving sustainable growth
Nutreco's strategy 'Driving sustainable growth' is to grow and improve profitability by providing innovative and sustainable nutritional solutions for its customers. This will be realised by focusing on a higher value-added portfolio of nutritional solutions such as premixes, feed specialties and fish feed, and by expanding into the growth geographies of Latin America, Russia, Asia and Africa, which will see the largest increases in both production and consumption of animal protein food products.

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 reported annual revenue of € 5.2 billion in 2013.

www.nutreco.com

Investor and analyst enquiries
Jurgen Pullens, Director Investor Relations
T +31 (0) 33 422 6134
M +31 (0) 6 5159 9483
E jurgen.pullens@nutreco.com


Media enquiries
Mark Woldberg, Manager Corporate Communication
T +31 (0) 33 422 6178
M +31 (0) 6 1503 3036
E mark.woldberg@nutreco.com

The full press releases in English and Dutch are attached in the pdfs below.
 

Aanvang inkoopprogramma eigen aandelen Nutreco op 12 juni 2014
Start buy-back programme Nutreco shares on 12 June 2014


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: Nutreco via Globenewswire
HUG#1792052

Nachrichten zu Nutreco N.V.mehr Nachrichten

Keine Nachrichten verfügbar.

Analysen zu Nutreco N.V.mehr Analysen

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!