Share buyback programme
On 16 August 2017 Kendrion announced that it will repurchase 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 is committed to the repurchase of the ordinary shares by engaging a third party to execute the transactions on its behalf.
These transactions commenced on 21 August 2017 and will run until no later than 29 December 2017.