Vopak has announced a share buyback programme. The programme aims to return up to EUR 300 million to shareholders. It will commence on 15th February 2024 and continue until the end of the year, unless unforeseen circumstances arise.
The shares purchased through the buyback programme will be cancelled, pending approval from the board and shareholders.
The programme will adhere to the safe harbour provisions of the Market Abuse Regulation and will operate within the limits set at the 2023 Annual General Meeting. If granted, it will also operate within the limits set at the 2024 Annual General Meeting.
The share buyback programme will not exceed 10 percent of Vopak’s issued capital.
An independent intermediary will handle the execution of the share buyback programme, allowing for open market transactions during both open and closed periods.
Vopak has clarified that there are no agreements in place with existing shareholders regarding their potential participation in the programme. It is important to note that this share buyback programme is distinct from any share transactions that Vopak may undertake to fulfill obligations under long-term incentive programs for employees.
Throughout the duration of the programme, Vopak will provide weekly updates on its progress. These updates will be communicated through press releases and transaction details on Vopak’s website.
For more information visit www.vopak.com
