Van Lanschot Kempen today announced that it has completed its share buy-back programme. A total 300,000 shares (depositary receipts for Class A ordinary shares) have been repurchased under the programme at an average price of €26.00 per share, representing a total amount of €7,799,010.
The repurchased shares will be used to cover the depositary receipts to be allocated to employees under existing remuneration policies and share plan.
In the period between 26 September 2017 and 2 October 2017, Van Lanschot Kempen repurchased 54,305 of its own shares at an average price of €26.59 per share – a total amount of €1,443,802. These repurchases formed part of the share buy-back programme for a total of 300,000 shares, announced on 7 June 2017 and 29 August 2017. The share buy-back programme has now been completed.
More information, including a detailed overview of the repurchase transactions under this programme, is available on the page Share buy-back programmes.