Manitou Buys Back 2.8% of Its Share Capital From Toyota

July 29, 2016

Manitou BF announced that Manitou BF and Toyota Industries Corporation have signed an agreement relating to the purchase by Manitou BF of a block of 1,120,000 of its own shares at a unit negotiated price of 13.38 euros ($14.94) and representing approximately 2.8 percent of its share capital.

These shares have been purchased from Toyota Industries Corporation in an off-market block trade transaction for a total negotiated amount of 14,985,600.00 euros ($16,732,171). The purchase of these shares follows the termination of the industrial partnerships between the two companies which occurred in December 2014.