repurchase cumulative preference shares
Aalberts Industries N.V. repurchased 25% of all outstanding cumulative preference shares at the original issue price, at the contractually agreed dividend reset date (30 December 2005). This totals to an amount of approximately EUR 10.2 million, excluding the dividend due until 30 December 2005.
This repurchase took place in accordance with the Articles of Association and all applicable law and regulations. At the General Meeting of Shareholders on 25 April 2006 Aalberts Industries will ask for approval to cancel these cumulative preference shares.
The repurchase will have a direct positive impact on the earnings per ordinary share.
On 31 December 2006, Aalberts Industries again has the option to repay 25% of the issued cumulative preference shares.