Nutreco's share buy-back program for 700,000 shares (approximately €45 million) began on February 8, and will go until March 28 unless the maximum number of shares has been repurchased prior to that date.
The buy-back program is being carried out in order to cover future stock dividends and employee stock plans, according to the company. The maximum price to paid for the shares will be 110 percent of the average closing price of the last five preceding days on the NYSE Euronext Amsterdam stock exchange. ING Corporate Finance is undertaking the share buy-back program.