Immediate Release –
Investment in IBA shares by IBA executives
As part of its plans to facilitate long term employee shareholding, IBA has sold shares held by its subsidiary IBA Investments SC to a company formed by several executives.
Specifically, a few dozen executives across the group came together within an independent company, IB Anchorage SRL, which purchased 348.530 IBA shares held by IBA Investments SC (a 100% indirect subsidiary of
IBA executives thus confirm their alignment with the company’s long-term strategy and their confidence in the value creation potential of the group for the benefit of all of its stakeholders.
Transaction details
In accordance with Article 8:6 of the Royal Decree implementing the Code of Companies and Associations, IBA announces that IBA Investments SC, one of its subsidiaries, sold IBA shares to IB Anchorage SRL (in which IBA has no ownership), as follows:
Following the transaction, IBA Investments SC holds 51,973 IBA shares, representing 0.17% of the total number of shares issued by IBA.
To the knowledge of IBA, IB Anchorage SRL holds a total of 348,530 IBA shares, representing 1.16% of the total number of shares issued by IBA.
In accordance with Article 8:4 of the above-mentioned Royal Decree and in the framework of this transaction, IBA Investments SC announces that it has acquired a right of pledge on the above-mentioned shares, which is assimilated to an acquisition of own shares in accordance with article 7:226 of the Code of Companies and Associations.
“The Board and I are delighted to see this strong commitment of executives from all geographies and business units”, says Chairman
Investor Relations
Chief Financial Officer
investorrelations@iba-group.com
+32 10 47 58 90
About IBA
IBA (
IBA is listed on the pan-European stock exchange NYSE EURONEXT (IBA: Reuters IBAB.BR and Bloomberg IBAB.BB). More information can be found at : www.iba-worldwide.com
Attachment
- Disposal and acquisition own shares_Press release_EN - rev20210831 - CLEAN2
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