Vopak announces share buyback program to return up to EUR 100 million to shareholders
February 19 2025 - 12:58AM
UK Regulatory
Vopak announces share buyback program to return up to EUR 100
million to shareholders
Vopak announces share buyback program to return up to EUR 100
million to shareholders
Rotterdam, the Netherlands, 19th February 2025
Today, Vopak announces the start of a share buyback program to
return up to EUR 100 million to shareholders. The share buyback
program will start 20 February 2025 and will run until the end of
2025, barring unforeseen circumstances. Vopak will cancel these
shares subject to the relevant board and shareholder approvals. The
share buyback program will be executed pursuant to the safe harbour
regime of the Market Abuse Regulation and under the existing
authority granted at the 2024 Annual General Meeting on 24 April
2024, and, subsequently, the authority (if granted) by the 2025
Annual General Meeting on 23 April 2025. Under these limits the
share buyback program shall not exceed 10% of Vopak’s issued
capital.
The share buyback program will be executed by an independent
intermediary, allowing the execution of open market transactions
during open and closed periods.
Vopak confirms the absence of any agreement with its existing
shareholders regarding their potential participation in the share
buyback program.
The share
buyback program is separate from any share transactions Vopak may
execute to cover obligations under the long term incentive programs
for employees.
Vopak will provide weekly updates on the progress of the share
buyback program through press releases and transaction details on
Vopak’s website for the duration of the program.
This press release contains inside information as meant in clause 7
of the Market Abuse Regulation.
About Royal Vopak
Royal Vopak helps the world flow forward. At ports around the
world, we provide storage and infrastructure solutions for vital
products that enrich everyday life. These products include liquids
and gases that provide energy for homes and businesses, chemicals
for manufacturing products, and edible oils for cooking. For all of
these, our worldwide network of terminals supports the global flow
of supply and demand.For more than 400 years, Vopak has been at the
forefront of fundamental transformations. With a focus on safety,
reliability, and efficiency, we create new connections and
opportunities that drive progress. Now more than ever, our talented
people are applying this mindset to support the energy transition.
Together with our partners and customers, we are accelerating the
development of infrastructure solutions for hydrogen, ammonia, CO₂,
battery energy storage, and low-carbon fuels & feedstocks –
paving the way to a more sustainable future.
Vopak is listed on Euronext Amsterdam and is headquartered in
Rotterdam, the Netherlands. For more information, please visit
www.vopak.com
For more information please contact
Vopak Press: Liesbeth Lans - Manager External Communication,
e-mail: global.communication@vopak.com
Vopak Analysts and Investors: Fatjona Topciu - Head of Investor
Relations, e-mail: investor.relations@vopak.com
- 2025-02-19 Press Release Vopak announces share buyback program
to return up to EUR 100 million to shareholders
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