January 9, 2015 - ARCADIS (EURONEXT: ARCAD), the world's leading natural and built asset design & consultancy firm, today announced the commencement of a share buyback program over the next 6 months to repurchase up to 1.5 million shares in order to cover obligations resulting from ARCADIS share plans and other agreements related to recruitment and retention. ARCADIS will hold the repurchased shares as treasury shares until they are distributed to participants.
The program will be executed within the parameters of the safe harbour for buyback programs provided by Commission Regulation (EC) No 2273/2003 and in compliance with applicable laws and regulations, as well as within the limitations of the authorities granted by the Annual General Meeting of Shareholders (including but not limited to the current limitation that the repurchase price must be at most the average of the share closing price according to the Daily Official List of Euronext Amsterdam N.V. on each of the five trading days preceding the date of repurchase, increased with 10%).
ARCADIS used to repurchase shares twice a year to meet these obligations. It has now been decided to implement the share buyback program for this purpose and under the program ARCADIS has mandated an intermediary to buy back the shares on ARCADIS' behalf.
Overviews of all transactions under this program will be published on ARCADIS' website (http://ir.arcadis.com/) on a weekly basis.