Amsterdam, the Netherlands - 20 February 2018 - Intertrust N.V. ("Intertrust" or "Company") [Euronext: INTER], a leading global provider of high-value trust, corporate and fund services, today announces that it has repurchased 85,433 ordinary Intertrust shares at an average price of EUR 17.3939 per share in the period from 12 February 2018 up to and including 16 February 2018.
The aggregate consideration for this repurchase was EUR 1.49 million. This repurchase was made as part of the Company`s share repurchase programme, which was announced on 13 November 2017.
The total number of shares repurchased under this programme up to and including 16 February 2018 is 1,647,582 shares for a total aggregate consideration of EUR 24.88 million.
Approximately 850,000 shares will be used for employee stock ownership and incentive plans vesting in 2018 and 2019, with the remainder of the repurchased shares to be cancelled (after approval by the general meeting of shareholders). Further details on the share repurchase transactions can be found on the Company`s website.
This press release contains information which is to be made publicly available under the Market Abuse Regulation (EU) No 596/2014.
For further information
Intertrust N.V. marieke.palstra@intertrustgroup.com
Marieke Palstra Tel: +31 20 577 1157
Director of Investor Relations and Corporate Communications
About Intertrust
Intertrust is a leading global provider of high-value trust, corporate and fund services, with approximately 2,500 employees located throughout a network of 39 offices in 28 jurisdictions across Europe, the Americas, Asia and the Middle-East. The Company delivers high-quality, tailored services to its clients with a view to building long-term relationships. Intertrust`s business services offering is comprised of corporate services, fund services, capital market services, and private wealth services. Intertrust has leading market positions in selected key geographic markets of its industry, including the Netherlands, Luxembourg, Jersey, and the Cayman Islands. Intertrust works with global law firms and accountancy firms, multi-national corporations, financial institutions, fund managers, high net worth individuals and family offices.
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Source: Intertrust Group via GlobeNewswire
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