Euronext-listed Eurocommercial Properties (ECP) announced on Thursday that it has finished its buyback programme, having acquired a total of 376,500 depositary receipts to cover outstanding employee stock options. As a total of 300,500 depositary receipts were required for employees who exercised their options, ECP said it expected no further exercises until the next open period starting after the announcement of the half-year results on 8 February 2008.

Euronext-listed Eurocommercial Properties (ECP) announced on Thursday that it has finished its buyback programme, having acquired a total of 376,500 depositary receipts to cover outstanding employee stock options. As a total of 300,500 depositary receipts were required for employees who exercised their options, ECP said it expected no further exercises until the next open period starting after the announcement of the half-year results on 8 February 2008.

ECP now holds a balance of 76,000 depositary receipts. The number of outstanding employee stock options available for exercise has now been reduced to 375,500 - approximately 1% of the current issued share capital. The buyback programme was carried out by Fortis.