Hunter Douglas announces share buy-back program
Hunter Douglas announces share buy-back program
Hunter Douglas announces that it intends to buy up to 500,000 of its common shares during the rest of the year on the market; depending on market conditions. The controlling shareholder has advised the Company that it does not intend to sell any shares in the market during the buy-back period. The maximum price to be paid for the shares will be 110% of the average closing price of the last five preceding trading days on NYSE Euronext in Amsterdam.
The share purchases will qualify as free of Withholding Tax under the Dutch Dividend Tax Act as a transitory purchase of shares to cover stock options.
The Company has no current plans for further buy-backs.
Hunter Douglas is the world market leader in window coverings and major manufacturer of architectural products. The Company has its Head Office in Rotterdam, the Netherlands and a Management Office in Luzern, Switzerland.
The shares of Hunter Douglas N.V. are traded on the NYSE Euronext in Amsterdam and on the Deutsche Börse.
For further information:
Leen Reijtenbagh
Chief Financial Officer
Tel: +31 10 486 9582
E-mail: l.reijtenbagh@hdnv.nl
Website: www.hunterdouglasgroup.com
