RHJ International SA
Brussels : RHJI

May 19, 2011 11:50 ET

RHJ International: Extension of a Share Buy-Back Program

BRUSSELS, BELGIUM--(Marketwire - May 19, 2011) -

Brussels, May 19, 2011 - RHJ International (Euronext: RHJI) announces the extension of the share buy-back program which started on December 10, 2010, and ran until April 30, 2011. The program is extended to complete the purchase of 2,500,000 shares for an amount up to EUR 15,000,000. Under the program, 813,870 shares (representing 0.95% of total outstanding shares) remain to be purchased for an amount of up to EUR 4,700,000.

The program is expected to resume today. The program relies on and will take place in accordance with the authority granted to RHJ International by its Shareholders' Meeting of September 15, 2009. The program will be extended for an indefinite period of time and will be executed through trades on Euronext Brussels. The program is implemented in accordance with the EU Regulation 2273/2003 of December 22, 2003 (as regards certain exemptions for share buy-back programs). RHJ International has appointed a financial institution which will manage the program under a discretionary management agreement. Shares acquired on any single trading day will not exceed 25% of the average daily trading volume for the shares on Euronext Brussels during the 20 stock exchange days preceding the date of each purchase. The shares acquired under the program will be allocated, in the future, to employees of RHJ International or of affiliated or associated companies under RHJ International's incentive compensation plan. Trades made under the program will be reported on a weekly basis through the website of RHJ International. RHJ International currently has 1,583,755 treasury shares.

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/1517069/453535.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
    E-mail: Email Contact