Randstad begins share repurchase programme
15 January 2014
Randstad Holding today begins a share repurchase programme that aims to cover the dilution from the issue of shares under the performance share plans for senior management.
Wed, 15 Jan 2014Randstad Holding today begins a share repurchase programme that aims to cover the dilution from the issue of shares under the performance share plans for senior management.
The programme involves around 540,000 shares, which is 0.3% of the total ordinary shares. The programme starts today and runs until 19 February, unless the maximum number of shares has been repurchased earlier.
Under the arrangement Randstad buys the shares and then issues them to senior managers so there is no dilution of Randstad’s outstanding share capital, explains a Randstad spokesperson.
The programme involves around 540,000 shares, which is 0.3% of the total ordinary shares. The programme starts today and runs until 19 February, unless the maximum number of shares has been repurchased earlier.
Under the arrangement Randstad buys the shares and then issues them to senior managers so there is no dilution of Randstad’s outstanding share capital, explains a Randstad spokesperson.
