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Amsterdam, the Netherlands – 15 November 2021 – Intertrust N.V. (“Intertrust” or “Company”) [Euronext: INTER], a global leader in providing tech-enabled fund and corporate solutions, today announces that it has repurchased 63,385 ordinary Intertrust shares at an average price of EUR 12.6305 per share in the period from 8 November 2021 up to and including 11 November 2021. The aggregate consideration for this repurchase was EUR 0.8 million. As announced on Friday 12 November, the share buyback programme has been suspended until further notice.
This repurchase was made as part of the Company’s share repurchase programme, which was announced on 27 September 2021. The total number of shares repurchased under this programme up to and including 11 November 2021 is 512,226 shares for a total aggregate consideration of EUR 6.8 million.
A portion of the repurchased shares will be used for existing employee stock ownership plans which will vest in 2022, 2023 and 2024. The remainder of the repurchased shares are intended to be cancelled after approval by the general meeting of shareholders.
This press release contains information which is to be made publicly available under the Market Abuse Regulation (EU) No 596/2014.