Vopak announces share buyback program to return up to EUR 300 million to shareholders
13 Febrero 2024 - 11:58PM
Vopak announces share buyback program to return up to EUR 300
million to shareholders
Vopak announces share buyback program to return up to EUR 300
million to shareholders
Rotterdam, the Netherlands, 14th February 2024
Today, Vopak announces the start of a share buyback program to
return up to EUR 300 million to shareholders. The share buyback
program will start 15 February 2024 and will run until the end of
2024, barring unforeseen circumstances. Vopak will cancel these
shares subject to the relevant board and shareholder approvals. The
share buyback program will be executed pursuant to the safe harbour
of the Market Abuse Regulation and under the existing authority
granted at the 2023 Annual General Meeting on 26 April 2023, and,
subsequently, the authority (if granted) by the 2024 Annual General
Meeting on 24 April 2024. Under these limits the share buyback
program shall not exceed 10% of Vopak’s issued capital.
The share buyback program will be executed by an independent
intermediary, allowing the execution of open market transactions
during open and closed periods.
Vopak confirms the absence of any agreement with its existing
shareholders regarding their potential participation in the share
buyback program.
The share buyback program is separate from any share
transactions Vopak may execute to cover obligations under the long
term incentive programs for employees.
Vopak will provide weekly updates on the progress of the share
buyback program through press releases and transaction details on
Vopak’s website for the duration of the program.
This press release contains inside information as meant in
clause 7 of the Market Abuse Regulation.
About Royal VopakRoyal Vopak helps the world
flow forward. At ports around the world, we provide storage and
infrastructure solutions for vital products that enrich everyday
life. These products include liquids and gases that provide energy
for homes and businesses, chemicals for manufacturing products, and
edible oils for cooking. For all of these, our worldwide network of
terminals supports the global flow of supply and demand. For more
than 400 years, Vopak has been at the forefront of fundamental
transformations. With a focus on safety, reliability, and
efficiency, we create new connections and opportunities that drive
progress. Now more than ever, our talented people are applying this
mindset to support the energy transition. Together with our
partners and customers, we are accelerating the development of
infrastructure solutions for hydrogen, ammonia, CO₂, long-duration
energy storage, and low-carbon fuels & feedstocks – paving the
way to a more sustainable future.
Vopak is listed on the Euronext Amsterdam and is headquartered
in Rotterdam, the Netherlands. For more information, please visit
www.vopak.com
For more information please contactVopak Press:
Liesbeth Lans - Manager External Communication, e-mail:
global.communication@vopak.comVopak Analysts and Investors: Fatjona
Topciu - Head of Investor Relations, e-mail:
investor.relations@vopak.com
- 2024-02-14 Press Release Vopak announces share buyback program
to return up to EUR 300 million to shareholders
Koninklijke Vopak (EU:VPK)
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