Based on the closing price of the Fugro certificate of shares on NYSE Euronext on 2 June 2014, this would be equivalent to approximately EUR 71.5 million.
open market share buyback program will start today and is expected to be
completed before 18 August 2014, subject to extension or acceleration
of the program.
The objective of the program is to neutralise the dilutive effect of the stock dividend, by repurchase and
cancellation of the same number of (certificates of) shares that will be
issued in relation to the 2013 dividend as from 6 June 2014.
The program, for which Fugro has engaged a third party, will be
executed within the limitations of the existing authority granted at
Fugro’s Annual General Meeting of 6 May 2014.
Via its website, starting 10 June 2014, Fugro will inform the market on the progress made in the execution of this program.