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

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Bekaert
Bekaert

Update on the Share Buyback Program and the Liquidity Agreement
Period from 2 June 2022 to 8 June 2022

Share Buyback Program

In the context of the share buyback program of Bekaert, announced on 25 February 2022, the second tranche of €30 million started on 11 May 2022.

Bekaert announces today that during the period from 2 June 2022 to 8 June 2022, Kepler Cheuvreux on behalf of Bekaert has bought 93 526 shares.

The table below provides an overview of the transactions under the second tranche of the share buy back program during the period from 2 June 2022 to 8 June 2022:

 



Repurchase of shares

Date

Market

Number of Shares

Average Price paid (€)

Highest Price paid (€)

Lowest Price paid (€)

Total Amount (€)

2 June 2022

Euronext Brussels

8 701

38.39

38.70

38.22

334 031

MTF CBOE

7 578

38.39

38.66

38.22

290 919

MTF Tuquoise

983

38.40

38.60

38.30

37 747

MTF Aquis

1 803

38.40

38.66

38.24

69 235

3 June 2022

Euronext Brussels

8 847

38.47

38.66

38.36

340 344

MTF CBOE

7 831

38.47

38.70

38.34

301 259

MTF Turquoise

1 228

37.46

38.64

38.36

46 001

MTF Aquis

1 856

37.48

38.68

38.36

69 563

6 June 2022

Euronext Brussels

8 475

38.80

38.94

38.50

328 830

MTF CBOE

7 189

38.80

38.94

38.44

278 933

MTF Turquoise

914

38.83

38.94

38.70

35 491

MTF Aquis

1 759

38.82

38.94

38.64

68 284

7 June 2022

Euronext Brussels

8 476

38.95

39.40

38.60

330 140

MTF CBOE

7 134

38.95

39.34

38.66

277 869

MTF Turquoise

880

38.96

39.30

38.72

34 285

MTF Aquis

1 689

38.94

39.34

38.58

65 770

8 June 2022

Euronext Brussels

8 379

39.18

39.68

38.62

328 289

MTF CBOE

7 017

39.13

39.60

38.64

274 575

MTF Turquoise

1 004

39.16

39.68

38.70

39 317

MTF Aquis

1 783

39.16

39.70

38.72

69 822

Total

 

93 526

38.71

39.70

38.22

3 620 705


As announced on 25 February 2022 and 11 May 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 liquidity agreement entered into by Bekaert with Kepler Cheuvreux on 2 September 2021 (see press release of 3 September 2021), Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 6 200 shares during the period from 2 June 2022 to 8 June 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 7 600 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 2 June 2022 to 8 June 2022:

 

Purchase of shares

Date

Number of Shares

Average Price (€)

Highest Price (€)

Lowest Price (€)

Total Amount (€)

2 June 2022

200

37.90

37.90

37.90

7 580

3 June 2022

0

0.00

0.00

0.00

0

6 June 2022

0

0.00

0.00

0.00

0

7 June 2022

500

38.60

38.60

38.60

19 300

8 June 2022

5 500

38.93

39.44

38.36

214 115

Total

6 200

 -

-

-

240 995




Sale of shares

Date

Number of Shares

Average Price (€)

Highest Price (€)

Lowest Price (€)

Total Amount (€)

2 June 2022

1 400

38.56

38.70

38.40

53 984

3 June 2022

0

0.00

0.00

0.00

0

6 June 2022

2 500

38.82

38.90

38.72

97 050

7 June 2022

2 500

39.24

39.40

39.00

98 100

8 June 2022

1 200

39.63

39.70

39.54

47 556

Total

7 600

-

-

296 690

The balance held by Bekaert under the liquidity agreement at the end of the period is 62 444 shares.

On 8 June 2022 after closing of the market, Bekaert holds 4 010 463 own shares, or 6.63 % of the total number of the outstanding shares.


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


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