Share buyback programme
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Kendrion has completed the repurchase of 121,586 ordinary shares to neutralise the dilutive effect of the 2016 final stock dividend and share-based incentive plans.
These shares will be held as treasury shares and will be used to pay future stock dividends and share-based incentive plans.
Kendrion repurchased the ordinary shares by engaging a third party to execute the transactions on its behalf.
These transactions commenced on 21 August 2017 and were completed on 1 December 2017.
An overview of the transactions is provided below.