Corbion completes share buyback program and provides final transaction update
Corbion nv announces that its current share buyback program has been completed on 28 October 2016. Since the start of the € 50 million buyback program on 21 March 2016, a total of 2,100,209 ordinary shares have been repurchased at a volume-weighted average price of € 22.422 per share, for a total consideration of € 47,090,953. In addition, 124,000 financing preference shares (series FPA, FPB and FPC) have been repurchased at par for a total consideration of € 2,909,040.
2,042,172 ordinary shares and the 124,000 financing preference shares will be cancelled before the end of 2016, the remainder of the ordinary shares will be kept as treasury shares. Adjusted for the repurchased shares, Corbion's number of outstanding ordinary shares currently stands at 57,862,037 and the number of outstanding financing preference shares is 2,279,781.
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
|Total repurchased shares||Weighted average price||Total repurchased value|
|24-Oct-16||0||€ 0.0000||€ 0.00|
|25-Oct-16||0||€ 0.0000||€ 0.00|
|26-Oct-16||1,500||€ 21.3274||€ 31,991.10|
|27-Oct-16||0||€ 0.0000||€ 0.00|
|28-Oct-16||2,433||€ 20.9263||€ 50,913.69|
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.
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