Belgian retailer Colruyt has announced that it has repurchased a total of 237,561 treasury shares in the period from 4 December until 8 December, as part of a share buyback scheme announced on 27 September.
The programme commenced on 2 October, and has an expected term of two years.
The shares were purchased at the regulated market Euronext Brussels, at an MTF or outside of an organised trading facility in accordance with applicable regulations.
Share Repurchase
Under the scheme, Colruyt Group has now purchased a total of 2,613,206 treasury shares to date, for a total consideration of €116,190,012.
As at 8 December 2017 the company holds a total of 7.704.771 treasury shares, or 5.14% of the total number of shares issued.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine
