Basic-Fit Announces Repurchase of Shares
Buyback of 55,000 shares to neutralise dilutive effect of retention share programme
Hoofddorp, 7 June 2017 - Basic-Fit will repurchase 55,000 common shares to neutralise the dilutive effect of the retention share programme. The shares will be used for distribution to participants of the retention share programme. The total consideration of the programme, based on the closing price on Euronext Amsterdam on 6 June 2017, is €0.9 million.
Basic-Fit has commissioned an independent broker who will execute the transactions on its behalf. The transactions will commence on 6 June 2017 and are expected to be completed by the end of the month.