Brunel commences share buyback program to cover performance share plans
01 Juni 2021 - 8:00AM
Brunel commences share buyback program to cover performance share
plans
Amsterdam, 1 June 2021 – Brunel International N.V. (Brunel;
BRNL), a global provider of flexible workforce solutions and
expertise, today announced the start of its share buyback
program.
Brunel intends to repurchase ordinary shares on
Euronext Amsterdam for an amount up to EUR 1,977,000, starting
on 3 June 2021 in order to meet obligations under its performance
share plan for senior management (excluding Board of Directors).
The performance share plan is conditional to targets for financial
year 2023. Shares will vest 2024 with a lock-up period of two
years.
Based on the closing price of the Brunel's
ordinary shares on Euronext Amsterdam on 31 May 2021 this would be
equivalent to 175,577 ordinary shares (0.35% of the total
outstanding shares). The share buyback program will ultimately end
on 30 July 2021, unless the maximum amount of EUR 1,977,000
has been repurchased prior to that date. In the latter case the
program will end on the date on which this maximum is reached and
the early termination will be immediately disclosed.
Brunel will publish a press release every Monday
for the duration of the buyback program, provided shares were
repurchased in the preceding week. An overview of the progress of
the share buyback program can be found on Brunel’s website.
Brunel International NV (EU:BRNL)
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