As announced in our press release of October 30, 2014, Randstad Holding nv will commence a share repurchase program to cover the dilution from the issue of shares under the performance share plans for senior management. The program involves around 525,000 shares, which is 0.3% of the total ordinary shares. The program starts today and runs until February 18, 2015, unless the maximum number of shares has been repurchased earlier.
On February 19, 2015, these shares will be used for the allocation of shares under the performance share plans, which were granted in February 2012.
The share repurchase program will be carried out under the mandate given by the Annual General Meeting of Shareholders on April 3, 2014. Within the limits set at that meeting, the maximum price to be paid for Randstad shares will be 110% of the average closing price of the last five preceding trading days on the NYSE Euronext Amsterdam stock exchange.
Randstad has mandated ING Corporate Finance to undertake the program. ING Corporate Finance makes its trading decisions with regard to the number of shares and the timing of the purchases, independently of Randstad. Randstad will provide weekly updates on the progress of the program on its corporate website, in the section investor relations. Once the maximum number of shares has been repurchased, we will disclose the termination of the program immediately.
about randstad
Randstad is a global talent leader with the vision to be the world’s most equitable and specialized talent company. As a partner for talent and through our four specializations - Operational, Professional, Digital and Enterprise - we provide clients with the high-quality, diverse and agile workforces that they need to succeed in a talent scarce world. We help people secure meaningful roles, develop relevant skills and find purpose and belonging in their workplace. Through the value we create, we are committed to a better and more sustainable future for all. Headquartered in the Netherlands, Randstad operates in 39 markets and has approximately 40,000 employees. In 2023, we supported 2 million talent to find work and generated a revenue of €25.4 billion. Randstad N.V. is listed on the Euronext Amsterdam. For more information, see www.randstad.com.
for more information
Elise Martin-Davies
+31 (0)6 1322 5136
press@randstad.com