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

    Source: Nasdaq GlobeNewswire / 02 Dec 2022 00:45:00   America/Chicago

    Update on the Share Buyback Program and the Liquidity Agreement
    Period from 24 November 2022 to 30 November 2022

    Share Buyback Program

    On 25 February 2022, Bekaert announced a € 120 million program to buy back its own shares (the "Program"). The Program was split into four equal tranches of € 30 million and 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 fourth and last tranche of the Program started on 18 November 2022.

    Bekaert announces today that during the period from 24 November 2022 to 30 November 2022, Kepler Cheuvreux on behalf of Bekaert has bought 77 708 shares.

    The table below provides an overview of the transactions under the fourth tranche of the Program during the period from 24 November 2022 to 30 November 2022:

      Repurchase of shares
    Date Market Number of Shares Average Price paid (€) Highest Price paid (€) Lowest Price paid (€) Total Amount (€)
    24 November 2022 Euronext Brussels 8 186 31.98 32.24 31.62 261 788
      MTF CBOE 4 458 32.00 32.20 31.68 142 656
      MTF Turquoise 772 32.01 32.18 31.84 24 712
      MTF Aquis 1 581 31.99 32.20 31.70 50 576
    25 November 2022 Euronext Brussels 8 141 32.30 32.56 31.84 262 954
      MTF CBOE 4 886 32.30 32.52 31.88 157 818
      MTF Turquoise 887 32.30 32.52 31.94 28 650
      MTF Aquis 1 568 32.32 32.52 31.88 50 678
    28 November 2022 Euronext Brussels 8 043 32.18 32.40 32.04 258 824
      MTF CBOE 5 148 32.15 32.44 32.00 165 508
      MTF Turquoise 946 32.18 32.34 32.02 30 442
      MTF Aquis 1 174 32.21 32.44 32.02 37 815
    29 November 2022 Euronext Brussels 8 512 33.00 33.32 32.20 280 896
      MTF CBOE 5 212 33.01 33.30 32.24 172 048
      MTF Turquoise 1 000 33.03 33.34 32.12 33 030
      MTF Aquis 1 738 33.01 33.30 32.22 57 371
    30 November 2022 Euronext Brussels 8 050 33.50 33.72 33.24 269 675
      MTF CBOE 4 705 33.50 33.70 33.24 157 618
      MTF Turquoise 1 015 33.52 33.70 33.26 34 023
      MTF Aquis 1 686 33.51 33.70 33.26 56 498
    Total   77 708 32.60 33.72 31.62 2 533 580

    Liquidity agreement

    In relation to the renewed liquidity agreement with Kepler Cheuvreux announced on 2 September 2022, Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 2 000 shares during the period from 24 November 2022 to 30 November 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 13 554 shares on Euronext Brussels.

    The tables below provide an overview of the transactions under the liquidity agreement during the period from 24 November 2022 to 30 November 2022:

      Purchase of shares
    Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
    24 November 2022 0 0.00 0.00 0.00 0
    25 November 2022 0 0.00 0.00 0.00 0
    28 November 2022 2 000 32.12 32.30 32.00 64 240
    29 November 2022 0 0.00 0.00 0.00 0
    30 November 2022 0 0.00 0.00 0.00 0
    Total 2 000 — — — 64 240


      Sale of shares
    Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
    24 November 2022 3 600 31.89 32.20 31.70 114 804
    25 November 2022 3 000 32.34 32.46 32.10 97 020
    28 November 2022 0 0.00 0.00 0.00 0
    29 November 2022 5 000 32.84 33.28 32.20 164 200
    30 November 2022 1 954 33.57 33.80 33.36 65 596
    Total 13 554 — — — 441 620

    The balance held by Bekaert under the liquidity agreement at the end of the period is 66 885 shares.

    On 30 November 2022 after closing of the market, Bekaert holds 4 166 151 own shares, or 7.06% of the total number of the outstanding shares.

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

     

    Attachment


Share on,