Randstad commences share repurchase program to cover performance share plans
The program involves around 540,000 shares, which is 0.3% of the total ordinary shares. The program starts today and runs until February 19, 2014, unless the maximum number of shares has been repurchased earlier.
On February 20, 2014, these shares will be used for the allocation of shares under the performance share plans, which were granted in February 2011.
The share repurchase program will be carried out under the mandate given by the Annual General Meeting of Shareholders on March 28, 2013. Within the limits set at that meeting, the maximum price to be paid for Randstad shares will be 110% of the average closing price of the last five preceding trading days on the NYSE Euronext Amsterdam stock exchange.
Randstad has mandated ING Corporate Finance to undertake the program. ING Corporate Finance makes its trading decisions with regard to the number of shares and the timing of the purchases, independently of Randstad. Randstad will provide weekly updates on the progress of the program on its corporate website, in the section investor relations. Once the maximum number of shares has been repurchased, we will disclose the termination of the program immediately.