Arcadis NV (GB:0N6B) has released an update.
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Arcadis NV has initiated a share buyback program to repurchase up to 810,000 shares, aimed at fulfilling the obligations of its employee incentive plans over the next 3-4 years, with the objective of preventing shareholder dilution. The buyback, which will run from October 4, 2024, to February 4, 2025, will be conducted in the open market by an intermediary to ensure independence from the company during both open and closed periods. Price limitations are set to a minimum of the nominal share value and a maximum of 10% above the average listed share price preceding the transactions.
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