Boskalis Launches Share Buyback Program

Royal Boskalis Westminster N.V. has announced the start of its share buyback program. Within the framework and based on the principles of its business plan for the 2014-2016 period Boskalis intends to execute a buyback program for up to 10 million of its own shares.

The program will be executed in the next two and a half years, subject to the development of the financial results and maintaining the desired balance sheet ratios. The program will be implemented by agents through purchases during open and closed periods.

This program will be carried out in accordance with the conditions of the authorization granted by the General Meeting of Shareholders of Boskalis on 13 May 2014 and under the condition that this authorization is granted again after 18 months.

Boskalis is authorized to cancel the ordinary shares that have been purchased under the program. Boskalis will publish a weekly press release stating the progress of the program.

Press Release, August 14, 2014

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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