Amsterdam - 11 May 2017 - Intertrust N.V. ("Intertrust" or the "Company") [ticker symbol INTER], a leading global provider of high-value trust, corporate and fund services, announces that it has been informed that Blackstone Perpetual Topco S.à.r.l., an entity controlled by investment funds managed by Blackstone Group L.P. ("Blackstone"), a major shareholder of Intertrust, has placed 10 million Intertrust shares at EUR 18.60 per share with institutional investors via an accelerated book build.
Following this transaction, Blackstone owns 23.39% of Intertrust shares.
Intertrust completes share buy-back program
Amsterdam - 11 May 2017 - Intertrust N.V. ("Intertrust" or the "Company") [ticker symbol INTER], a leading global provider of high-value trust, corporate and fund services, announces that the share buy-back program announced on 22 March 2017 has been successfully completed.
Between 22 March 2017 and 11 May 2017 a total of 1,856,354 shares were repurchased, at an average price of EUR 18.26 per share. As previously mentioned, these shares were repurchased to cover a deferred obligation to transfer shares towards certain employees including the selling shareholders within the former management team of Elian.
The repurchase transactions were executed by the independent broker, Kempen & Co, on Intertrust's behalf and were funded from Intertrust's available cash resources.