Transaction in Own Shares • Nov 7, 2014
Transaction in Own Shares
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Date: 07 November 2014 For immediate release
Name: Carl Vanden Bussche Title: Director Investor Relations Tel: +32 56 26 23 22 E-mail: [email protected]
Today Barco announces that, based on the shareholder authorization granted by the Extraordinary General Meeting of 24 April 2014, the company will continue its share buyback and launch a follow-up program.
The share buyback program will run for another 6 months and will start on 10 November 2014.
Barco has mandated an independent broker to execute the program on its behalf and to purchase own shares of Barco N.V. for a maximum amount of eight (8) million euro.
During the course of the program, the company will inform the market about the purchased shares at regular intervals and in accordance with the applicable regulations.
The company currently owns 6.78% of its shares which it uses for stock options plans as part of its employee incentive plan.
The company wants to use repurchased shares to replenish the pool of own shares for future stock option plans, to annul shares to increase shareholder's return or to use shares to finance acquisitions. The company announced not to exceed 10% of shares held in treasury and will cancel excess shares held in treasury to safeguard this commitment.
All details related to the acquisition of own shares by Barco can be found on: http://www.barco.com/Investor Relations/ShareBuyback
Barco, a global technology company, designs and develops networked visualization products for a variety of selected professional markets. Barco has its own facilities for Sales & Marketing, Customer Support, R&D and Manufacturing in Europe, North America and APAC. Barco (NYSE Euronext Brussels: BAR) is active in more than 90 countries with 4,000 employees worldwide. Barco posted sales of 1.158 billion euros in 2013.
For more information and the annual report 2013, please visit the Company's website at www.barco.com
© Copyright 2014 by Barco
Barco NV President Kennedypark 35 8500 Kortrijk, Belgium
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