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Share repurchase programme 2017

On 13 November 2017, Intertrust (INTER), announced the start of its programme to repurchase ordinary shares in its capital for a total aggregate consideration of up to EUR 50 million.

Approximately 850,000 shares will be used for employee stock ownership and incentive plans vesting in 2018 and 2019, with the remainder of the repurchased shares to be cancelled (after approval by the general meeting of shareholders).

The share repurchase programme was completed 31 May 2018.

See further details below.

Daily transaction details

Click here to view the daily transaction details (Excel file).

Weekly Summary

Period

 

Total shares repurchased

 

Average purchase price

 

Total consideration

 

Press release

 

28 – 31 May 2018 84.428 €16,2850 €1.374.911,72 Link
21 – 25 May 2018 104,348 €16.3227 €1,703,238.84 Link
14 – 18 May 2018 105,860 €16.2494 €1,720,165.58 Link
7 – 11 May 2018
108,851 €15.9475 €1,735,899.04 Link
30 Apr – 4 May 2018 81,797 €16.3335 €1,336,033.69 Link
23 – 27 Apr 2018 102,000 €16.8693 €1,720,667.94 Link
16 – 20 Apr 2018 104,323 €17.3800 €1,813,136.76 Link
9 – 13 Apr 2018 105,000 €17.0960 €1,795,080.40 Link
3 – 6 Apr 2018 83,700 €16.9263 €1,416,733.28 Link
26 – 29 Mar 2018
83,377 €17.0344 €1,420,279.09 Link
19 – 23 Mar 2018 102,300 €17.3020 €1,770,004.02 Link
12 – 15 Mar 2018 107,708 €17.4773 €1,882,443.62 Link
5 – 9 Mar 2018 107,088 €17.2959 €1,852,186.36 Link
26 Feb – 2 Mar 2018 101,700 €17.4009 €1,769,672.40 Link
19 – 23 Feb 2018 102,316 €17.7298 €1,814,042.50 Link
12 – 16 Feb 2018 85,433 €17.3939 €1,486,009.21 Link
5 – 9 Feb 2018 74,669 €14.2847 €1,066,622.31 Link
29 Jan – 2 Feb 2018
116,308 €14.7491 €1,715,437.69 Link
22 – 26 Jan 2018 115,700 €14.9226 €1,726,540.08 Link
15 – 19 Jan 2018 113,540 €15.0471 €1,708,451.34 Link
8 – 12 Jan 2018 113,900 €15.3779 €1,751,542.11 Link
2 – 5 Jan 2018 91,800 €15.3027 €1,404,792.02 Link
27 – 29 Dec 2017 66,421 €15.4977 €1,029,372.71 Link
18 – 22 Dec 2017 116,300 €15.4588 €1,797,864.01 Link
11 – 15 Dec 2017 115,877 €15.2752 €1,770,039.81 Link
4 – 8 Dec 2017 118,550 €15.4403 € 1,830,449.58 Link
27 Nov – 1 Dec 2017  148,591 €15.5620 €2,312,368.60 Link
20 – 24 Nov 2017 198,116 €14.8807 €2,948,110.61 Link
13 – 17 Nov 2017 172,377 €13.5047 €2,327,902.08 Link


Additional information

Intertrust has engaged an independent broker to execute the repurchase transactions on its behalf. Any trading decisions in connection with the share repurchase programme, including the timing of any repurchase transaction, will be determined by the broker independently of, and without influence by, Intertrust.

The share repurchase programme will be conducted in accordance with the Market Abuse Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 and within the safe harbor parameters for repurchase programmes. Additionally, the programme will be executed within the existing authority granted to the Management Board at the Annual General Meeting on 16 May 2017.

The ordinary shares are being repurchased at a price that does not exceed the lower of (1) a maximum of 110% of the average of the highest quoted price per share on the last five consecutive trading days immediately preceding the date of repurchase, according to the Official Price List of Euronext Amsterdam and (2) the threshold stipulated by Article 3(2) of Commission Delegated Regulation (EU) 2016/1052. The share repurchase will be funded from Intertrust’s available cash resources.

Intertrust publishes weekly updates of the progress of this share repurchase programme and the information is available on this website.