Further to the share buy-back program announced on February 8, Nutreco has announced that during the period from February 8 through February 15, the company purchased 44,000 of its shares at an average price of €67.10 per share.
The total number of shares repurchased under this program to date is 44,000 common shares for a total consideration of €3 million. The buy-back program is being carried out in order to cover future stock dividends and employee stock plans, according to the company.
The share buy-back program will ultimately terminate on March 28, unless the maximum number of 700,000 shares has been repurchased prior to such date. In that case, the program will end on the date on which this maximum is reached and such early termination will immediately be disclosed, said Nutreco.