share buyback
As announced on 14 February 2023, Randstad has started a € 400 million share buyback program in order to reduce the capital of Randstad by cancelling all of the ordinary shares acquired through the program. This share buyback was executed in several tranches.
In 2023, Randstad purchased a total of 4,690,000 ordinary shares via the first, the second and the third tranche. The shares purchased via the first and the second tranche, totaling 3,090,000 ordinary shares, were canceled by year-end 2023.
The fourth tranche was announced on 13 February 2024 and executed in the period between 13 February 2024 and 22 April 2024, during which 1,500,000 ordinary shares were purchased for a total consideration of € 75.3 million. The fifth tranche was announced on 23 April 2024 and executed in the period between 23 April 2024 and 22 July 2024, during which 1,791,888 ordinary shares were purchased for a total consideration of € 83.3 million.
The three remaining tranches of shares (third, fourth and fifth), totaling 4,891,888 ordinary shares, are cancelled now, taking the relevant rules and regulations into account. As a consequence of this cancellation of shares, the number of ordinary shares outstanding has decreased from 180,869,312 to 175,977,424.
Download the detailed overview of the share buyback program:
fifth tranche of Randstad share buyback program
fourth tranche of Randstad share buyback program