randstad provides an update on its share buyback program.

randstad completes fourth tranche of its € 400 million share buyback program.

Randstad N.V. (“Randstad”) today announces the completion of the fourth tranche of its € 400 million full share buyback program announced on February 13, 2024, to repurchase up to a maximum of 1,500,000 ordinary shares. 

In the period between February 13, 2024 and April 22, 2024 (inclusive) Randstad has purchased a total of 1,500,000 ordinary shares for a total consideration of €75,277,501. A comprehensive overview of the transactions carried out under the share buyback program, as well as the details of the transactions, are available on the Randstad website.

randstad commences fifth tranche of its € 400 million share buyback program.

Randstad N.V. (“Randstad”) today commences the fifth tranche of its € 400 million full share buyback program as announced on February 14, 2023. 

Randstad’s purpose will ultimately be to cancel all of the ordinary shares purchased through the program. 

The program is being executed under the mandates given by the Annual General Meeting of Shareholders on March 28, 2023 (“AGM 2023”) and on March 26, 2024 (“AGM 2024”) and within the limits of relevant laws and regulations. 

The share buyback program is being executed in several tranches. For each of them, an intermediary has been mandated to execute the purchase of the shares independently of Randstad in compliance with the Regulation (EU) No 596/2014, of the European Parliament and the Council, of 16 April 2014, on market abuse (the “Market Abuse Regulation”) and within predefined execution parameters. Randstad shares are purchased in the market and accumulated in treasury until cancellation. Pursuant to the relevant rules and regulations, cancellation may not be affected earlier than two months after a resolution to cancel shares is adopted and publicly announced. 

Randstad will commence the fifth tranche of its € 400 million full share buyback program, to repurchase  ordinary shares in Randstad for an amount of approximately € 83,284,798 in the period between 23 April 2024 and 22 July 2024 (inclusive). 

Within the limits set at the AGM 2023 and the AGM 2024, the maximum price to be paid for shares will be 110% of the closing price of the one preceding trading day on the Euronext Amsterdam stock exchange. Any purchases of shares will be carried out on Euronext Amsterdam and on CBOE in accordance with certain pre-set parameters in accordance with Article 5(1) of the Market Abuse Regulation. Randstad has mandated an independent broker to undertake the fifth tranche of the program between 23 April 2024 and 22 July 2024 (inclusive). The independent broker will make its trading decisions with regard to the number of shares to be purchased and the timing of the purchases independently of Randstad, and any shares so purchased will be on-sold by the independent broker to Randstad. 

The independent broker's instruction to purchase the shares is irrevocable. Randstad will provide weekly updates on the progress of the program on its corporate website in the investor relations section and to the AFM. Once the fifth tranche has been completed, Randstad will immediately disclose the finalization of the fifth tranche of its € 400 million full share buyback program.