Barco continues buyback of shares
Kortrijk, 4 June, 2004. Barco announces that it has bought back 94,600 shares in the course of 2004 up till the end of May. Together with the 95,928 shares bought back in 2003, the total at the end of May amounted to 190,528 shares or 1.53% of the total number of shares.
At the extraordinary general meeting of 1 June 2004, the shareholders have decided to extend the authorization of the board of directors to buy back shares by a term of 18 months. At most 10% of the shares can be bought back.
The purpose of the buyback of shares is to prevent the dilution created by the issue of stock options. These shares may also be used to partly finance future acquisitions.
Barco, an international company headquartered in Kortrijk, Belgium, provides visualization and display solutions for professional markets. Barco designs and develops solutions for large screen visualization, display solutions for life-critical applications, and systems for visual inspection. Barco has a network of subsidiaries, distributors and agents in almost 100 countries. Barco is quoted on Euronext Brussels and is a BEL 20 and a Next 150 company.
For more information, please contact
Senior Advisor to the CEO - Compliance Officer
+32 56/26 23 22