Van Lanschot Kempen today announced that it has completed its share buy-back programme. A total of 400,000 shares (depositary receipts for Class A ordinary shares) have been repurchased under the programme at an average price of €25.48 per share, representing a total amount of €10,191,569. The programme was announced on 22 February 2018.
The repurchased shares will be used to cover the depositary receipts to be allocated to employees under existing remuneration policies and share plans.
In the last period, between 3 July 2018 and 9 July 2018, Van Lanschot Kempen repurchased 29,162 of its own shares at an average price of €24.64 per share – a total amount of €718,504.
More information, including a detailed overview of all repurchase transactions under this programme, is available on Share buy-back programmes.
Press release: Van Lanschot Kempen completes share buy-back programme (pdf)