Breaking News: Royal Vopak Wraps Up Share Buyback Program in Record Time!
Description:
Royal Vopak completes share buyback program 2024. 10 December 2024, Rotterdam, the Netherlands. Today, Vopak announces the completion of its share buyback program to return EUR 300 million to shareholders as announced on February 14, 2024. In the period from February 14, 2024 up to and including December 9, 2024, a total of 7,924,438 ordinary shares, 6.30% of the company’s outstanding shares, were repurchased, at an average price of EUR 37.86 per share. After cancellation, the total number of issued outstanding shares will amount to 117,816,148. Detailed information including all individual transactions can be found on this page on our website vopak.com/investors/share-buyback-program-2024.
About Royal Vopak:
Royal Vopak helps the world flow forward. At ports around the world, we provide storage and infrastructure solutions for vital products that enrich everyday life. These products include liquids and gases that provide energy for homes and businesses, chemicals for manufacturing products, and edible oils for cooking. For all of these, our worldwide network of terminals supports the global flow of supply and demand. For more than 400 years, Vopak has been at the forefront of fundamental transformations. With a focus on safety, reliability, and efficiency, we create new connections and opportunities that drive progress. Now more than ever, our talented people are applying this mindset to support the energy transition. Together with our partners and customers, we are accelerating the development of infrastructure solutions for hydrogen, ammonia, CO₂, long-duration energy storage, and low-carbon fuels & feedstocks – paving the way to a more sustainable future. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit www.vopak.com.
How it will affect me:
The completion of Royal Vopak’s share buyback program could potentially lead to a positive impact on individual shareholders, as it demonstrates the company’s commitment to returning value to its investors. This move could also boost investor confidence in the company’s financial stability and long-term growth potential.
How it will affect the world:
On a larger scale, Royal Vopak’s focus on sustainability and energy transition initiatives could have a significant impact on the world. By investing in infrastructure solutions for hydrogen, ammonia, CO₂, and low-carbon fuels, the company is actively contributing to a more sustainable future and driving progress in the global transition towards cleaner energy sources.
Conclusion:
In conclusion, the successful completion of Royal Vopak’s share buyback program reflects the company’s dedication to shareholder value and financial stability. Additionally, their commitment to sustainability and energy transition initiatives positions them as a key player in driving progress towards a more sustainable future on a global scale.
