Vistaprint 2013 Annual Report Download - page 32

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29
Dividends
We have never paid or declared any cash dividends on our ordinary shares, and we do not anticipate
paying any cash dividends in the foreseeable future. We currently intend to retain all future earnings to finance the
growth and operations of our business, purchase our ordinary shares, or pay down our debt. Under Dutch law, we
may only pay dividends out of profits as shown in our adopted annual accounts prepared in accordance with Dutch
generally accepted accounting principles. We will only be able to declare and pay dividends to the extent our equity
exceeds the sum of the paid and called up portion of our ordinary share capital and the reserves that must be
maintained in accordance with provisions of Dutch law and our articles of association.
Issuer Purchases of Equity Securities
The following table outlines the purchases of our ordinary shares during the three months ended June 30,
2013:
Total Number of
Shares
Purchased (1)
Average
Price Paid
Per Share (2)
Total Number of
Shares Purchased as
Part of a Publicly
Announced Program
Approximate Number of Shares
that May Yet be Purchased Under
the Program
April 1, 2013 through April 30, 2013 . . . . . . . 613,000 $ 38.12 613,000 6,152,275
May 1, 2013 through May 31, 2013. . . . . . . . — — — 6,152,275
June 1, 2013 through June 30, 2013. . . . . . . — — — 6,152,275
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 613,000 $ 38.12 613,000 6,152,275
(1) On February 13, 2013, we announced that our Supervisory Board authorized the purchase of up to 6,800,000 of our
outstanding ordinary shares on the open market (including block trades that satisfy the safe harbor provisions of
Rule 10b-18 pursuant to the Exchange Act), through privately negotiated transactions or in one or more self tender offers.
This share purchase authorization expires on May 8, 2014, and we may suspend or discontinue the purchase program at
any time.
(2) Average price paid per share includes commissions paid in connection with our publicly announced share purchase
program.
Form 10-K