Corrected: BRIEF-Van De Velde Terminates Share Buyback Program

Van de Velde NV

18/03/2020 07:21

(Corrects to say the company terminates, not announces, its
share buyback program)
    March 18 (Reuters) - VAN DE VELDE NV  VELD.BR :
    * TERMINATES ITS PROGRAM FOR BUYING BACK OWN SHARES AND WILL
PROPOSE TO THE GENERAL MEETING OF SHAREHOLDERS NOT TO PAY ANY
DIVIDEND FOR THE TIME BEING
    * PAYMENT OF INTERIM DIVIDEND AND THE RESTART OF THE
BUY-BACK
PROGRAM WILL BE REEVALUATED AS SOON AS THERE IS MORE CLARITY
RELATING THE CONCRETE IMPACT OF CORONA ON OUR BUSINESS
OPERATIONS
    * ON CORONAVIRUS: BOARD OF DIRECTORS WISHES TO STRENGTHEN
ITS CASH
POSITION FOR THE TIME BEING AND HAS THEREFORE DECIDED TO
TERMINATE THIS SHARE BUY-BACK PROGRAM
    * UNDER THIS PROGRAM, VAN DE VELDE WOULD ACQUIRE OWN SHARES
UP TO
EUR 15 MILLION

Further company coverage:  VELD.BR 

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