Share buyback programme
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Kendrion has completed the repurchase of 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 repurchased the ordinary shares by engaging a third party to execute the transactions on its behalf.
These transactions commenced on 14 May 2018 and were completed on 29 June 2018. An overview of the transactions is provided below.
Kendrion intends to continue its programme for buying back shares that are necessary for distributing stock dividends and for the share based incentive plans. This programme will commence after the distribution of dividend in 2019. The details will be published later in the prescribed press releases and updates via the website.