Van Lanschot Kempen launches share buy-back programme
Published: 8:00 a.m.
Van Lanschot Kempen will start repurchasing up to 400,000 treasury shares (A depositary receipts for ordinary shares) on February 25, 2021. At the closing price on February 24, 2021, the repurchase program has a volume of €8.9 million. The repurchase program is carried out to hedge the certificates of shares to be granted to employees under the remuneration policy and share plans.
The repurchase program ends on the day before the publication of the 2021 annual figures, or earlier if the maximum number of shares has been repurchased. Van Lanschot Kempen has mandated the execution of the repurchase program to ING, which will make its trading decisions independently of Van Lanschot Kempen.
The progress of the buyback program will be announced weekly via a press release and on the Van Lanschot Kempen website on the Share Buyback Program page.