The repurchase transactions may be effected between 22 March 2017 and 6 October 2017. The repurchase transactions will be effected under the authorisation granted by Intertrust's General Meeting of shareholders on 12 May 2016.
Intertrust has engaged an independent broker, Kempen & Co, to execute the repurchase transactions on its behalf and the transactions will be executed by such broker under the terms of an engagement letter. The timing of any repurchase transaction will be determined by the broker independently of, and without influence by, Intertrust.
The ordinary shares will be repurchased at a price that does not exceed a maximum of 110% of the average closing price of the five trading days immediately preceding the date of repurchase. The contemplated repurchase of the ordinary shares will be funded from Intertrust's available cash resources.
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© 2017 Intertrust Group B.V