SOURCE: RHJ International SA

December 10, 2010 02:43 ET

RHJ International: Launch of a Share Buy-Back Program

BRUSSELS, BELGIUM--(Marketwire - December 10, 2010) -


RHJ International (Euronext: RHJI) announces the launch of a share buy-back program for an amount of up to 2,500,000 shares (representing 2.9% of total outstanding shares) and up to EUR 15,000,000. The program is expected to commence 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 executed through trades on Euronext Brussels and will run until April 30, 2011. 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 97,671 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/1471064/407999.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: RHJ International SA via Thomson Reuters ONE

[HUG#1471064]

Contact Information

  • For further information please contact:

    Arnaud Denis
    Investor Relations Director
    Tel: +32 2 643 60 13
    E-mail: Email Contact