ABO-Group: Purchase - Repayment of share loan
Purchase - repayment of share loan
Ghent, June 23rd 2017 - 18h00 - Regulated information
As authorized to the Board of Directors by the general meeting of May 28th 2014, ABO-Group acquired 16.000 own shares through purhases on Euronext Brussels in the following order:
| Date | Number of shares | Amount (EUR) | Price (EUR) |
| June 20th 2017 | 15,910 | 45,041.59 | 2.82 |
| June 21st 2017 | 90 | 272.56 | 2.94 |
| Totaal | 16,000 | 45,314.15 | 2.83 |
The purchased shares will be used to repay a share loan granted by majority shareholder Mr. Frank De Palmenaer on november 9th 2015. The loan was granted to finance the purchase of a 50% stake in Energy to zero NV, which was payed partially in ABO-Group shares.
As mentioned in the annual report 2016, the borrowed shares were due for repayment on June 30th 2017. After repayment of the loan ABO-Group will no longer hold any own shares.
About ABO-Group
ABO-Group is an engineering and consultancy firm active in the construction, environment and energy market. ABO-Group offers services in her home markets (Belgium, the Netherlands and France) and internationally by providing sustainable solutions. We refer to our website for more detailed information on our activities.
For more information:
Frank De Palmenaer Johan Reybroeck
CEO ABO-Group Environment NV CFO ABO-Group Environment NV
[email protected] [email protected]
T +32 (0)9 242 88 22
Derbystraat 255, Maaltecenter Blok G, B-9051 Gent (SDW), Belgium
This press release is available on our website www.abo-group.eu
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ABO-Group via Globenewswire
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti
