Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Tuesday, 6 February 2018

Intertrust N.V. share repurchase periodic update (29 January - 2 February 2018)

Intertrust Group    

Published: 07:15 CET 06-02-2018 /GlobeNewswire /Source: Intertrust Group / : INTER /ISIN: NL0010937058

Intertrust N.V. share repurchase periodic update (29 January - 2 February 2018)

Amsterdam, the Netherlands - 6 February 2018 - Intertrust N.V. ("Intertrust" or "Company") [Euronext: INTER], a leading global provider of high-value trust, corporate and fund services, today announces that it has repurchased 116,308 ordinary Intertrust shares at an average price of EUR 14.7491 per share in the period from 29 January 2018 up to and including 2 February 2018.

 

The aggregate consideration for this repurchase was EUR 1.72 million. This repurchase was made as part of the Company's share repurchase programme, which was announced on 13 November 2017.

 

The total number of shares repurchased under this programme up to and including 2 February 2018 is 1,487,480 shares for a total aggregate consideration of EUR 22.32 million.

 

Approximately 850,000 shares will be used for employee stock ownership and incentive plans vesting in 2018 and 2019, with the remainder of the repurchased shares to be cancelled (after approval by the general meeting of shareholders). Further details on the share repurchase transactions can be found on the Company's website.

 

This press release contains information which is to be made publicly available under the Market Abuse Regulation (EU) No 596/2014.

 

 

For further information

Intertrust N.V.                                                              marieke.palstra@intertrustgroup.com

Marieke Palstra                                                             Tel: +31 20 577 1157

Director of Investor Relations, Marketing & Communications

 

About Intertrust

Intertrust is a leading global provider of high-value trust, corporate and fund services, with approximately 2,500 employees located throughout a network of 39 offices in 28 jurisdictions across Europe, the Americas, Asia and the Middle-East. The Company delivers high-quality, tailored services to its clients with a view to building long-term relationships. Intertrust's business services offering is comprised of corporate services, fund services, capital market services, and private wealth services. Intertrust has leading market positions in selected key geographic markets of its industry, including the Netherlands, Luxembourg, Jersey, and the Cayman Islands. Intertrust works with global law firms and accountancy firms, multi-national corporations, financial institutions, fund managers, high net worth individuals and family offices.



intertrust-nv-share-buyback-update-wk05-05022018



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Intertrust Group, Prins Bernhardplein 200, Amsterdam 1097 JB, The Netherlands
If you would like to unsubscribe and stop receiving these e-mails click here.