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.