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

·4-min read
Bekaert
Bekaert

Update on the Share Buyback Program and the Liquidity Agreement
Period from 8 September 2022 to 14 September 2022

Share Buyback Program

In the context of the share buyback program of Bekaert, announced on 25 February 2022, the third tranche of € 30 million started on 29 July 2022.

Bekaert announces today that during the period from 8 September 2022 to 14 September 2022, Kepler Cheuvreux on behalf of Bekaert has bought 73 643 shares.

The table below provides an overview of the transactions under the third tranche of the share buyback program during the period from 8 September 2022 to 14 September 2022:

 

Repurchase of shares

Date

Market

Number of Shares

Average Price paid (€)

Highest Price paid (€)

Lowest Price paid (€)

Total Amount (€)

8 September 2022

Euronext Brussels

7 490

28.70

29.20

28.44

214 963

 

MTF CBOE

4 820

28.69

29.12

28.40

138 286

 

MTF Turquoise

345

28.67

28.86

28.42

9 891

 

MTF Aquis

345

28.68

28.86

28.50

9 895

9 September 2022

Euronext Brussels

7 600

28.95

29.18

28.80

220 020

 

MTF CBOE

5 000

28.94

29.14

28.80

144 700

 

MTF Turquoise

400

28.95

29.04

28.82

11 580

 

MTF Aquis

12 September 2022

Euronext Brussels

7 700

29.21

29.46

28.98

224 917

 

MTF CBOE

5 300

29.20

29.36

29.04

154 760

 

MTF Turquoise

 

MTF Aquis

13 September 2022

Euronext Brussels

8 400

28.69

29.36

28.16

240 996

 

MTF CBOE

5 900

28.69

29.30

28.14

169 271

 

MTF Turquoise

1 200

29.12

29.12

29.12

34 944

 

MTF Aquis

1 400

29.07

29.36

29.04

40 698

14 September 2022

Euronext Brussels

8 700

27.80

28.26

27.52

241 860

 

MTF CBOE

6 243

27.79

28.18

27.52

173 493

 

MTF Turquoise

1 300

28.21

28.38

28.20

36 673

 

MTF Aquis

1 500

28.20

28.20

28.20

42 300

Total

 

73 643

28.64

29.46

27.52

2 109 247

As announced on 25 February 2022 and 29 July 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 renewed liquidity agreement with Kepler Cheuvreux, Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 12 002 shares during the period from 8 September 2022 to 14 September 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 5 301 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 8 September 2022 to 14 September 2022:

 

Purchase of shares

Date

Number of Shares

Average Price (€)

Highest Price (€)

Lowest Price (€)

Total Amount (€)

8 September 2022

2 100

28.66

28.80

28.40

60 186

9 September 2022

2

28.70

28.70

28.70

57

12 September 2022

1 596

29.05

29.20

29.00

46 364

13 September 2022

5 304

28.82

29.10

28.40

152 861

14 September 2022

3 000

27.81

28.00

27.60

83 430

Total

12 002

342 898


 

Sale of shares

Date

Number of Shares

Average Price (€)

Highest Price (€)

Lowest Price (€)

Total Amount (€)

8 September 2022

400

29.20

29.20

29.20

11 680

9 September 2022

2 201

28.98

29.20

28.70

63 785

12 September 2022

2 200

29.36

29.40

29.20

64 592

13 September 2022

500

29.50

29.50

29.50

14 750

14 September 2022

0

0.00

0.00

0.00

0

Total

5 301

154 807

The balance held by Bekaert under the liquidity agreement at the end of the period is 96 667 shares.

On 14 September 2022 after closing of the market, Bekaert holds 3 489 340 own shares, or 5.91% of the total number of the outstanding shares.

Related press release: 2 September 2022: Bekaert renews existing liquidity contract

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

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