Corbion completes share buyback program and provides final transaction update
Corbion nv announces that its current share buyback program has been completed on 15 September 2017. Since the start of the € 25 million buyback program on 18 April 2017, a total of 993,670 ordinary shares have been repurchased at a volume-weighted average price of € 26.77 per share, for a total consideration of € 25,000,568.
The majority of the repurchased shares will be cancelled before the end of 2017, the remainder will be kept as treasury shares. Adjusted for the repurchased shares, Corbion's number of outstanding shares currently stands at 58,620,564.
As part of its "Disciplined Value Creation" strategy, Corbion periodically reviews its debt position in relation to the investment plans, and decides upon any further distributions.
Final transaction update
Corbion has repurchased 43,987 of its own ordinary shares in the period from 11 September 2017 up to and including 15 September 2017 at an average price of € 26.64 per share. The consideration of the repurchase was € 1.17 million.
For detailed information on the daily repurchased shares, see the Corbion website: http://www.corbion.com/investor-relations/shareholder-information/share-buyback-program
This regular update of the transactions conducted under the share buyback program is to be made public under the EU Market Abuse Regulation.