Boskalis’ Share Buyback Program Continues

Royal Boskalis Westminster N.V. (Boskalis), a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors, has released one more update on the company’s share buyback program.

In the period from 20 October up to and including 24 October, Boskalis repurchased 40,143 of its own shares at an average price of EUR 41.6302 per share for a total consideration of EUR 1.67 million.

The repurchases took place within the framework of the share buyback program which was announced on 14 August. Boskalis intends to repurchase up to 10 million of its own shares in the next two and a half years, subject to the development of results and maintaining the desired balance sheet ratios.

A total of 484,682 shares have been repurchased under the program to date for a total consideration of EUR 19.62 million.

During the program Boskalis will publish a weekly update every Monday provided that shares were bought back in the preceding week.

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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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