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

    Source: Nasdaq GlobeNewswire / 10 Mar 2023 01:15:00   America/Chicago

           

    Update on the Share Buyback Program and the Liquidity Agreement

    Period from 2 March 2023 to 8 March 2023

    Share Buyback Program
    On 1 March 2023, Bekaert announced the continuation of its program to buy back own shares for an additional amount of up to € 120 million (the "Program") and the immediate start of a fifth tranche of the Program for an aggregate amount of up to € 30 million. 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.

    Bekaert announces today that during the period from 2 March 2023 to 8 March 2023, Kepler Cheuvreux on behalf of Bekaert has bought 92 929 shares.

    The table below provides an overview of the transactions under the fourth tranche of the Program during the period from 2 March 2023 to 8 March 2023:

      Repurchase of shares
    Date Market Number of Shares Average Price paid (€) Highest Price
    paid (€)     		Lowest Price
    paid (€)     		Total
    Amount (€)
    2 March 2023 Euronext Brussels 9 089 43.39 43.60 43.12 394 372
      MTF CBOE 5 323 43.39 43.60 43.12 230 965
      MTF Turquoise 955 43.39 43.54 43.16 41 437
      MTF Aquis 2 042 43.40 43.60 43.14 88 623
    3 March 2023 Euronext Brussels 8 886 44.26 44.66 43.56 393 294
      MTF CBOE 5 452 44.29 44.64 43.56 241 469
      MTF Turquoise 943 44.31 44.64 43.60 41 784
      MTF Aquis 2 098 44.28 44.64 43.58 92 899
    6 March 2023 Euronext Brussels 9 508 44.42 44.66 43.96 422 345
      MTF CBOE 5 764 44.41 44.66 43.94 255 979
      MTF Turquoise 1 010 44.41 44.62 44.02 44 854
      MTF Aquis 2 338 44.44 44.82 43.96 103 901
    7 March 2023 Euronext Brussels 9 879 44.87 45.10 44.24 443 271
      MTF CBOE 5 843 44.88 45.12 44.34 262 234
      MTF Turquoise 1 071 44.90 45.06 44.50 48 088
      MTF Aquis 2 334 44.89 45.08 44.28 104 773
    8 March 2023 Euronext Brussels 10 609 44.93 45.18 44.58 476 662
      MTF CBOE 6 175 44.88 45.18 44.56 277 134
      MTF Turquoise 1 132 44.89 45.16 44.64 50 815
      MTF Aquis 2 478 44.90 45.18 44.66 111 262
    Total   92 929 44.40 45.18 43.12 4 126 161

    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 5 102 shares during the period from 2 March 2023 to 8 March 2023 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 5 300 shares on Euronext Brussels.

    The tables below provide an overview of the transactions under the liquidity agreement during the period from 2 March 2023 to 8 March 2023:

      Purchase of shares
    Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
    2 March 2023 3 500 43.38 43.50 43.20 151 830
    3 March 2023 0 0.00 0.00 0.00 0
    6 March 2023 400 44.20 44.20 44.20 17 680
    7 March 2023 2 44.20 44.20 44.20 88
    8 March 2023 1 200 44.67 44.70 44.60 53 604
    Total 5 102       223 202


      Sale of shares
    Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
    2 March 2023 0 0.00 0.00 0.00 0
    3 March 2023 2 000 44.11 44.50 43.80 88 220
    6 March 2023 400 44.50 44.50 44.50 17 800
    7 March 2023 1 700 44.83 45.00 44.70 76 211
    8 March 2023 1 200 44.90 45.00 44.80 53 880
    Total 5 300       236 111

    The balance held by Bekaert under the liquidity agreement at the end of the period is 27 338 shares.

    On 8 March 2023 after closing of the market, Bekaert holds 2 628 676 own shares, or 4.61% 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,