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Ballast Nedam Announces Share Buyback to Cover Management Options Obligations

Oct 23 2009

Ballast Nedam N.V. announces that it has decided to buy a maximum of 100,000 depositary share receipts of Ballast Nedam N.V. to cover current management options obligations.

The required approval for the share buy-back is obtained at the General Meeting of Shareholders on 6 May 2009 and runs until 6 November 2010. The acquisition of the depositary share receipts will begin as of today.

The price per depositary share receipt shall not be higher than the average stock market quotation plus ten per cent. The average stock market quotation shall be calculated based on the average closing rate for the five business days previous to the date of purchase.

Source: http://www.ballast-nedam.com/

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