Bekaert - Update on the Share Buyback Program and the Liquidity Agreement

Update on the Share Buyback Program and the Liquidity Agreement
Period from 29 September 2022 to 5 October 2022

Share Buyback Program

In the context of the share buyback program of Bekaert, announced on 25 February 2022, the third tranche of € 30 million started on 29 July 2022.

Bekaert announces today that during the period from 29 September 2022 to 5 October 2022, Kepler Cheuvreux on behalf of Bekaert has bought 127 548 shares.

The table below provides an overview of the transactions under the third tranche of the share buyback program during the period from 29 September 2022 to 5 October 2022:

	Repurchase of shares
Date	Market	Number of Shares	Average Price paid (€)	Highest Price paid (€)	Lowest Price paid (€)	Total Amount (€)
29 September 2022	Euronext Brussels	11 425	25.18	25.60	24.88	287 682
	MTF CBOE	10 980	25.17	25.60	24.88	276 367
	MTF Turquoise	1 580	25.17	25.60	24.88	39 769
	MTF Aquis	2 070	25.18	25.62	24.88	52 123
30 September 2022	Euronext Brussels	10 860	25.62	25.90	25.18	278 233
	MTF CBOE	10 399	25.63	25.88	25.18	266 526
	MTF Turquoise	1 587	24.62	25.88	25.26	39 072
	MTF Aquis	1 950	25.62	25.92	25.34	49 959
3 October 2022	Euronext Brussels	11 235	26.00	26.40	25.58	292 110
	MTF CBOE	11 200	26.00	26.44	25.58	291 200
	MTF Turquoise	1 619	25.99	26.40	25.50	42 078
	MTF Aquis	2 085	26.01	26.40	25.62	54 231
4 October 2022	Euronext Brussels	11 240	27.06	27.18	26.88	304 154
	MTF CBOE	11 413	27.05	27.18	26.88	308 722
	MTF Turquoise	1 793	27.06	27.22	26.88	48 519
	MTF Aquis	2 086	27.05	27.18	26.88	56 426
5 October 2022	Euronext Brussels	10 000	26.76	27.28	26.46	267 600
	MTF CBOE	10 000	26.75	27.30	26.46	267 500
	MTF Turquoise	1 815	26.60	26.60	26.58	48 279
	MTF Aquis	2 211	26.58	26.60	26.56	58 768
Total		127 548	26.10	27.30	24.88	3 329 318

As announced on 25 February 2022 and 29 July 2022, the purpose of the program is to reduce the issued share capital of the company. All shares repurchased as part of the program will be cancelled.

Liquidity agreement

In the context of the renewed liquidity agreement with Kepler Cheuvreux, Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 7 400 shares during the period from 29 September 2022 to 5 October 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 17 526 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 29 September 2022 to 5 October 2022:

	Purchase of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
29 September 2022	2 400	25.23	25.60	24.86	60 552
30 September 2022	600	25.12	25.12	25.12	15 072
3 October 2022	400	25.56	25.56	25.56	10 224
4 October 2022	0	0.00	0.00	0.00	0
5 October 2022	4 000	26.76	26.92	26.56	107 040
Total	7 400	—	—	—	192 888

	Sale of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
29 September 2022	0	0.00	0.00	0.00	0
30 September 2022	1 538	25.69	26.00	25.56	39 511
3 October 2022	4 488	26.25	26.40	26.04	117 810
4 October 2022	10 500	27.06	27.22	26.76	284 130
5 October 2022	1 000	27.30	27.30	27.30	27 300
Total	17 526	—	—	—	468 751

The balance held by Bekaert under the liquidity agreement at the end of the period is 95 141 shares.

On 5 October 2022 after closing of the market, Bekaert holds 3 822 317 own shares, or 6.48% of the total number of the outstanding shares.

Related press release: 2 September 2022: Bekaert renews existing liquidity contract

This information is also made available on the investor relations pages of our website.

 

Attachment

• p221007E - Bekaert - Update on the Share Buyback Program and the Liquidity Agreement