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

    Source: Nasdaq GlobeNewswire / 13 Dec 2024 02:15:00   America/New_York

    Update on the Share Buyback Program and the Liquidity Agreement

    Period from 5 December 2024 to 11 December 2024

    Share Buyback Program
    On 22 November 2024, Bekaert announced the start of the first tranche of its share buyback program, for a total maximum consideration of up to € 25 million (the First Tranche). As announced previously, the purpose of the Program is to cancel all shares repurchased.  

    Bekaert announces today that during the period from 5 December 2024 to 11 December 2024, Kepler Cheuvreux SA on behalf of Bekaert has bought 79 753 shares.

    The table below provides an overview of the transactions under the First Tranche of the Program during the period from 5 December 2024 to 11 December 2024:


     
    Repurchase of shares
    Date Market Number of Shares Average Price paid (€) Highest Price
    paid (€)
    Lowest Price
    paid (€)
    Total
    Amount (€)
    5 December 2024 Euronext Brussels 10 752 33.50 33.62 33.26 360 192

     
    MTF CBOE 6 406 33.51 33.60 33.26 214 665

     
    MTF Turquoise 1 054 33.53 33.56 33.48 35 341

     
    MTF Aquis 966 33.52 33.58 33.42 32 380
    6 December 2024 Euronext Brussels 10 395 33.88 34.12 33.66 352 183

     
    MTF CBOE 5 991 33.88 34.12 33.68 202 975

     
    MTF Turquoise 977 33.86 34.08 33.68 33 081

     
    MTF Aquis 812 33.87 34.08 33.70 27 502
    9 December 2024 Euronext Brussels 9 765 34.08 34.26 33.82 332 791

     
    MTF CBOE 6 089 34.08 34.22 33.80 207 513

     
    MTF Turquoise 789 34.10 34.20 33.84 26 905

     
    MTF Aquis 591 34.08 34.24 33.98 20 141
    10 December 2024 Euronext Brussels 7 285 33.85 33.96 33.72 246 597

     
    MTF CBOE 4 392 33.86 33.96 33.72 148 713

     
    MTF Turquoise 709 33.85 33.96 33.74 24 000

     
    MTF Aquis 589 33.84 33.90 33.78 19 932
    11 December 2024 Euronext Brussels 8 402 33.74 33.96 33.14 283 483

     
    MTF CBOE 3 789 33.75 33.98 33.28 127 879

     
    MTF Turquoise
     

     

     

     

     

     
    MTF Aquis
     

     

     

     

     
    Total
     
    79 753 33.82 34.26 33.14 2 696 274

    Liquidity agreement
    In relation to the renewed liquidity agreement with Kepler Cheuvreux announced on 25 June 2024, Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 4 356 shares during the period from 5 December 2024 to 11 December 2024 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 8 420 shares on Euronext Brussels.

    The tables below provide an overview of the transactions under the liquidity agreement during the period from 5 December 2024 to 11 December 2024:


     
    Purchase of shares
    Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
    5 December 2024 800 33.40 33.50 33.18 26 720
    6 December 2024 600 33.71 33.80 33.64 20 226
    9 December 2024 400 33.85 33.90 33.80 13 540
    10 December 2024 1 200 33.76 33.90 33.70 40 512
    11 December 2024 1 356 33.33 33.44 33.10 45 195
    Total 4 356
     

     

     
    146 193



     
    Sale of shares
    Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
    5 December 2024 1 900 33.49 33.60 33.40 63 631
    6 December 2024 2 000 33.89 34.10 33.60 67 780
    9 December 2024 2 700 34.08 34.30 33.80 92 016
    10 December 2024 0 0.00 0.00 0.00 0
    11 December 2024 1 820 33.76 34.00 33.44 61 443
    Total 8 420
     

     

     
    284 870

    The balance held by Bekaert under the liquidity agreement at the end of the period is 40 738 shares.

    On 11 December 2024 after closing of the market, Bekaert holds 2 086 490 own shares, or 3.84% 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,