Corbion commenced a € 25 million share buyback program announced on 18 April 2017. The program was completed on 15 September 2017.
Under this program 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.
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