On 6 March 2020 Arcadis announced that it will repurchase up to 3,000,000 shares over the next 12 months to cover obligations from employee incentive plans and stock dividends. However, as a response to Covid-19, it has cancelled the share buyback program as announced in the press releases of 26 March 2020 and of 30 March 2020. The number of shares bought back are 471,216 ordinary shares at a volume-weighted average price of €14.96, for a total consideration of €7.0 million.
The shares repurchased will be held by Arcadis as treasury shares until they are distributed to participants.
The overview of all repurchase transactions is published here.