Royal BAM N : BAM confirms start share buyback programme
May 03, 2024 at 02:21 am EDT
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3 May 2024 - 08:08
BAM confirms start share buyback programme
Today Royal BAM Group nv starts a share buyback programme for 7,216,389 ordinary shares to offset for the dilution effect due to the issue of stock dividend. In addition, the programme will also include the share buyback of approximately €30 million, as announced on 15 February 2024.
The share buyback is executed under terms of an engagement letter with a third party and upon the specific authorisation granted by the Annual General Meeting of 10 April 2024.
The programme will have a maximum end date of 31 December 2024. BAM will inform the market of the progress made in the execution through weekly press releases and updates on its website.
Further information
analysts: Michel Aupers, michel.aupers@bam.com, +31 (0)30 659 89 88;
press: Arno Pronk, arno.pronk@bam.com, or Bert Ooms, bert.ooms@bam.com, +31 (0)30 659 89 88.
This press release contains inside information within the meaning of article 7(1) of the EU Market Abuse Regulation.
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Royal BAM Group NV published this content on
03 May 2024 and is solely responsible for the information contained therein. Distributed by
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03 May 2024 06:20:08 UTC.
Royal BAM Group N.V. is a building and public works group. Net sales break down by activity as follows:
- buildings and civil engineering infrastructure construction (88.3%): roads, highways, airports, tunnels, railways, residences, hospitals, schools, offices, businesses, etc. The group also develops subcontracted mechanical and electrical installations implementation activity;
- real estate development (8.7%);
- other (3%).
Net sales are distributed geographically as follows: the Netherlands (47.9%), the United Kingdom (42.7%), Ireland (7.4%), Belgium (1.9%) and other (0.1%).
ROYAL BAM GROUP N.V. 
