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BRIEF-Tomtom starts share buyback programme of up to 50 million euros
September 19, 2017 / 5:51 AM / a month ago

BRIEF-Tomtom starts share buyback programme of up to 50 million euros

Sept 19 (Reuters) - TOMTOM NV:

* TOMTOM STARTS SHARE BUYBACK PROGRAMME OF UP TO EUR 50 MILLION

* TOMTOM WILL USE SHARES TO COVER ITS COMMITMENTS ARISING FROM ITS STOCK OPTION AND SHARE PLANS

* PROGRAM IS BASED ON CLOSING PRICE OF TOMTOM SHARE ON EURONEXT AMSTERDAM ON 18 SEPTEMBER 2017 OF EUR 9.29

* THIS PROGRAMME REPRESENTS APPROXIMATELY 2.3% OF TOMTOM‘S ISSUED SHARE CAPITAL

* PROGRAMME WILL ULTIMATELY END ON 29 DEC. 2017, UNLESS MAXIMUM NUMBER OF 5,384,450 SHARES HAS BEEN REPURCHASED PRIOR TO THAT DATE Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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