Papendrecht, 25 August 2014
In the period from 18 August up to and including 22 August, Royal Boskalis Westminster N.V. (Boskalis) repurchased 150,500 of its own shares at an average price of EUR 41.5715 per share for a total consideration of EUR 6,256,515.50 million.
The repurchases took place within the framework of the share buyback program which was announced on 14 August. Boskalis intends to repurchase up to 10 million of its own shares in the next two and a half years, subject to the development of results and maintaining the desired balance sheet ratios. A total of 150,500 shares have been repurchased under the program to date for a total consideration of EUR 6,256,515.50 million.
This is the first press release updating the share buyback program. During the program Boskalis will publish a weekly update every Monday provided that shares were bought back in the preceding week. These press releases will only be published on the company website and with the AFM. Interested parties can subscribe to receive these press releases by sending an email to firstname.lastname@example.org. Individual weekly press releases are available upon request through this same email address.
Click here for a full overview with relevant information of the weekly updates.
For further information
Martijn L.D. Schuttevâer
T +31 78 6969310
This is an English translation of the Dutch press release. In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail.
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.
For IR matters contact our Director of Investor Relations & Corporate Communications.
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