RHJ International SA

August 11, 2011 11:53 ET

RHJ International: Completion of Share Buy-Back Program

BRUSSELS, BELGIUM--(Marketwire - Aug 11, 2011) -

Brussels, August 11, 2011 - RHJ International (Euronext: RHJI) announces that it has completed its share buy-back program initiated on December 10, 2010 and extended on May 19, 2011 for the repurchase of a total of 2.5 million shares for an aggregate amount of up to EUR 15,000,000.

RHJI completed the program on August 10, 2011 at an average price of EUR 5.70 per share, or EUR 14,250,000 in aggregate.

The program relied on and took place in accordance with the authority granted to RHJI by its Shareholders' Meeting of September 15, 2009. The program was implemented in accordance with the EU Regulation 2273/2003 of December 22, 2003 (as regards certain exemptions for share buy-back programs). RHJI appointed a financial institution which has managed the program under a discretionary management agreement. The shares acquired under the program are destined to employees of RHJI or of affiliated or associated companies under RHJI's incentive compensation plan.

RHJI currently holds 2,397,625 treasury shares representing 2.80% of its total issued and outstanding shares. Details of RHJI's share repurchases can be found on its website at www.rhji.com.

About RHJ International:

RHJ International (Euronext: RHJI) is a limited liability company incorporated under the laws of Belgium, having its registered office at Avenue Louise 326, 1050 Brussels, Belgium. RHJI is transforming itself from a diversified industrial holding company into an active and dynamic financial services group. For further information visit: www.rhji.com.

Full Press Release (PDF): http://hugin.info/135946/R/1537961/469669.pdf

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Source: RHJ International SA via Thomson Reuters ONE


Contact Information

  • For further information please contact:

    Arnaud Denis
    Investor Relations Director
    Tel: +32 2 643 60 13