Share Issue/Capital Change • Jun 3, 2014
Share Issue/Capital Change
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Leidschendam, the Netherlands, 3 June 2014
Following the announcement of the stock dividend conversion ratio on 2 June 2014, Fugro will start an open market buyback program of approximately 1.7 million (certificates) of shares. Based on the closing price of the Fugro certificate of shares on NYSE Euronext on 2 June 2014, this would be equivalent to approximately EUR 71.5 million. The open market share buyback program will start today and is expected to be completed before 18 August 2014, subject to extension or acceleration of the program.
The objective of the program is to neutralise the dilutive effect of the stock dividend, by repurchase and cancellation of the same number of (certificates of) shares that will be issued in relation to the 2013 dividend as from 6 June 2014.
The program, for which Fugro has engaged a third party, will be executed within the limitations of the existing authority granted at Fugro's Annual General Meeting of 6 May 2014.
Via its website, starting 10 June 2014, Fugro will inform the market on the progress made in the execution of this program.
For more information: Media Rob Luijnenburg [email protected] +31 70 31 11129
Investors Catrien van Buttingha Wichers [email protected] +31 70 31 15335
ABOUT FUGRO
Fugro creates value by acquiring and interpreting Earth and engineering data and providing associated consulting services to support clients with their design and construction of infrastructure and buildings. Fugro also supports clients with the installation, repair and maintenance of their subsea infrastructure. Fugro works around the globe, predominantly in energy and infrastructure markets offshore and onshore employing approximately 12,500 employees in over sixty countries. In 2013 Fugro's revenue amounted to € 2.4 billion; Fugro is listed on NYSE Euronext Amsterdam and is included in the AEX-index.
Fugro N.V. - P.O. Box 41 - 2260 AA - Leidschendam -The Netherlands - Tel: +31 70 3111422 - Fax: +31 70 3202703 - Trade Register: nr 27120091 – VAT Nr: 0056 21 409 B01 - [email protected]
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