Boskalis is starting a share buyback program to reduce the capital outstanding with the intention to neutralize the dilution resulting from the distribution of the 2016 stock dividend.
On 6 June, Boskalis issued over 3.2 million new shares as stock dividend which at that time represented a value of over EUR 100 million.
The intention is to complete the buyback program before the next General Meeting of Shareholders, the company said.
Boskalis has engaged a third party to carry out the repurchasing of shares during open and closed periods.