Share buyback programme
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On 9 May 2018 announced that it will repurchase 178,852 ordinary shares to neutralise the dilutive effect of the 2017 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 will commence on 14 May 2018 and will run until no later than 29 December 2018.
Kendrion will provide weekly updates on the transactions on www.kendrion.com. The first progress report will be published on Monday, 21 May 2018.
An overview of the transactions is provided below.