Capital/Financing Update • Feb 6, 2017
Capital/Financing Update
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The extraordinary shareholders' meeting of Ackermans & van Haaren NV has on 26 November 2014 renewed the powers delegated to the board of directors to redeem shares for a period of 5 years.
In the framework of these powers, Ackermans & van Haaren has concluded a liquidity contract with Kepler Cheuvreux to improve the liquidity of the AvH share. In the framework of this liquidity programme, Kepler Cheuvreux has in the period from January 30, 2017 until February 4, 2017 acquired a total of 1,200 shares on Euronext Brussels on behalf of AvH.
AvH shares are acquired and sold under this programme. Since 1 January 2017, this has resulted in a net redemption of 971 own shares.
In addition, Ackermans & van Haaren currently owns 351,000 own shares, or 1.05% of the total shares outstanding, in the context of covering the obligations of the company under the stock option plan.
| Date | Number | Price per share | Total amount |
|---|---|---|---|
| of acquired shares | (in euros) | (in euros) | |
| 30/01/2017 | 1,200 | 126.10 | 151,320.00 |
Ackermans & van Haaren is a diversified group active in 5 key segments: Marine Engineering & Infrastructure (DEME, one of the largest dredging companies in the world - CFE and A.A. Van Laere, two construction groups with headquarters in Belgium), Private Banking (Delen Private Bank, one of the largest independent private asset managers in Belgium, and asset manager JM Finn in the UK - Bank J.Van Breda & C°, niche bank for entrepreneurs and liberal professions in Belgium), Real Estate & Senior Care (Leasinvest Real Estate, a public regulated real estate company - Extensa, an important land and real estate developer focused on Belgium and Luxembourg), Energy & Resources (Sipef, an agro-industrial group in tropical agriculture) and Development Capital (Sofinim and GIB).
In 2015, through its share in its participations, the AvH group represented a turnover of 5.3 billion euros and employed 22,077 people. The group concentrates on a limited number of strategic participations with significant potential for growth. AvH is quoted on the BEL20 index, the Private Equity NXT index of Euronext Brussels and the European DJ Stoxx 600.
All press releases issued by AvH and its most important group companies as well as the 'Investor Presentation' can also be consulted on the AvH website: www.avh.be. Anyone who is interested to receive the press releases via email has to register to this website.
For further information please contact:
Jan Suykens CEO - Chairman Executive Committee Tel. +32.3.897.92.36
Tom Bamelis CFO - Member Executive Committee Tel. +32.3.897.92.42
e-mail: [email protected]
| February 28, | Annual results |
|---|---|
| 2017 | 2016 |
| May 19, | Interim statement |
| 2017 | Q1 2017 |
| August 31, 2017 | Half-year results 2017 |
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