Nutreco announces that its share buy-back programme for 700,000 shares (approximately EUR 37 million) starts on 10 February 2012. The share buy-back programme will be executed with the purpose to cover future stock dividends and employee stock plans.
Above mentioned share buy-back programme will be executed in accordance with the mandate given by the Annual General Meeting of Shareholders on 28 March 2011. 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 NYSE Euronext Amsterdam.
The share buy-back programme will ultimately terminate on 13 April 2012, unless the maximum number of 700,000 shares has been repurchased prior to such date. In that case the programme will end on the date on which this maximum is reached and such early termination will immediately be disclosed.
Nutreco has mandated Rabobank International for the execution of the share buy-back programme. Rabobank International 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 closed periods.
Nutreco will provide updates on the progress of the programme by means of weekly press releases.
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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 revenue of EUR 4.7 billion in 2011.
www.nutreco.com (http://www.nutreco.com/)
For more information:
Jan Slootweg, Director Investor Relations a.i., Nutreco
Telephone: +31 33 422 6132
Mobile: +31 6 2322 9680
E-mail: jan.slootweg@nutreco.com (mailto:jan.slootweg@nutreco.com)
The owner of this announcement warrants that:
(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 the
information contained therein.
Source: Nutreco via Thomson Reuters ONE
