BAM buys back shares
Bunnik, 30 March 2005 – Royal BAM Group has exercised the option granted by ING Bank in December 2004 concerning the purchase of 1.57 million non-convertible preference shares in its own capital. A proposal to cancel these shares will be put before the General Meeting of Shareholders of 9 May 2005.
This transaction fits in Royal BAM Group’s aim to simplify its capital structure. After this transaction, some 96,000 non-convertible preference shares remain outstanding. BAM intends to buy back as many as possible of these shares in the market after which the listing of this class of shares can be terminated.
Further information: A.C. Pronk, +31 (0)30 659 86 21 or P. Verbraeken, +31 (0)30 659 88 56.