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Belgian companies buys back 1.75 shares
Greenyard ends buying programme for its own shares
During the last days of August, Greenyard bought back 8,000 of their own shares. The company started a purchasing programme for own shares on the 14th of March 2017. The company wants to buy 1.75 million of their own shares, which totals 4% of the outstanding shares on 14th March 2017. With the purchasing of these 8,000 shares the Belgian company is finalising the programme. In total the company spent a little over 30 million Euro on the buying programme. The average price of the shares was at 17.17 Euro.
These shares can be used to "compensate for the potential watering down of the convertible obligation, to create a position of own shares to finance potential, future takeovers and/or potential, future long term option plans."
