Start of buyback programme of 2 million shares


20 Mar 2024 07:00 CET


Leidschendam, the Netherlands

Fugro will start the repurchase of 2 million of its own ordinary shares to meet obligations under its employee share programmes.

The buyback programme is planned to start on 20 March 2024 and is expected to be completed around 30 May 2024 or sooner if the maximum number of repurchased shares is reached earlier. At yesterday’s closing price on Euronext Amsterdam, the programme would cost approximately EUR 42.8 million.

The programme will be executed under the terms of an engagement letter with a third party in compliance with the safe harbor provisions for share repurchases. Accordingly, transactions may be carried out during closed periods. The programme will also be executed in compliance with applicable rules and regulations, including the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. It is carried out under the authority granted by the annual general meeting of shareholders on 26 April 2023, valid until 26 October 2024 (inclusive) and, if adopted and per that date, under the continued authority to be granted in the annual general meeting of shareholders to be held on 25 April 2024.

Fugro will provide weekly updates on the progress, in line with applicable regulations, on its website.


Start of buyback programme of 2 million shares

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