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

    Источник: Nasdaq GlobeNewswire / 04 авг 2023 02:00:00   America/New_York

           

    Update on the Share Buyback Program and the Liquidity Agreement

    Period from 27 July 2023 to 2 August 2023

    Share Buyback Program

    On 28 July 2023, Bekaert announced the start of the seventh tranche of its buyback program, for a total maximum consideration of up to € 30 million (the Seventh Tranche). All shares bought as part of the Program will be cancelled. The purpose of the Program is to reduce the issued share capital of the company.

    The table below provides an overview of the transactions under the Seventh Tranche of the Program during the period from 28 July 2023 to 2 August 2023:

     Repurchase of shares
    DateMarketNumber of SharesAverage Price paid (€)Highest Price
    paid (€)
    Lowest Price
    paid (€)
    Total
    Amount (€)
    28 July 2023Euronext Brussels9 08242.4643.4440.68385 622
     MTF CBOE4 15042.4943.3041.02176 334
     MTF Turquoise92342.5343.3041.1039 255
     MTF Aquis95542.5743.3241.4440 654
    31 July 2023Euronext Brussels8 60343.2243.4442.84371 822
     MTF CBOE4 25143.2043.4442.86183 643
     MTF Turquoise95443.2343.4642.8441 241
     MTF Aquis1 03143.2343.4442.9044 570
    1 August 2023Euronext Brussels11 47843.1243.5242.92494 931
     MTF CBOE5 62443.1343.5042.92242 563
     MTF Turquoise1 28143.1343.4442.9055 250
     MTF Aquis1 36243.1343.4442.9258 743
    2 August 2023Euronext Brussels10 26843.0643.3842.50442 140
     MTF CBOE5 19043.1243.4242.64223 793
     MTF Turquoise1 14543.1143.4242.6849 361
     MTF Aquis1 23243.1343.4242.6453 136
    Total 67 52942.9943.5240.682 903 058

      

    Liquidity agreement

    Bekaert has decided to pause as of 28 July 2023 the liquidity agreement with Kepler Cheuvreux, which was due to finish on 1 September 2023.

    The tables below provide an overview of the transactions under the liquidity agreement carried out until 27 July 2023:

     Purchase of shares
    DateNumber of SharesAverage Price (€)Highest Price (€)Lowest Price (€)Total Amount (€)
    27 July 20231 60042.4542.6042.3067 920
    Total1 600   67 920


     Sale of shares
    DateNumber of SharesAverage Price (€)Highest Price (€)Lowest Price (€)Total Amount (€)
    27 July 20233 20042.7243.0642.50136 704
    Total3 200   136 704

    The balance held by Bekaert under the liquidity agreement at the end of the period is 48 757 shares.

    On 2 August 2023 after closing of the market, Bekaert holds 2 544 051 own shares, or 4.55% of the total number of the outstanding shares.

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

    Attachment


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