BAM confirms start share buyback programme
Bunnik, the Netherlands, 9 May 2023 – Today Royal BAM Group nv starts a share buyback programme for 9,351,489 ordinary shares to offset for the dilution effect due to the issue of stock dividend and to fulfill its obligations for the various running share-based employee incentive schemes vesting up to April 2026.
The share buyback is executed under terms of an engagement letter with a third party and upon the specific authorisation granted by the Annual General Meeting of 12 April 2023.
The programme will run to a maximum of six months and BAM will inform the market of the progress made in the execution through weekly press releases and updates on its website.
Further information:
- analysts: Michel Aupers, michel.aupers@bam.com, +31 (0)30 659 89 88;
- press: Bert Ooms, bert.ooms@bam.com, and Arno Pronk, arno.pronk@bam.com, +31 (0)30 659 89 88.
This press release contains information which is to be made publicly available under the Regulation (EU) 2016/1052.
