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

Bekaert
Bekaert


Update on the Share Buyback Program and the Liquidity Agreement
Period from 20 October 2022 to 26 October 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 20 October 2022 to 26 October 2022, Kepler Cheuvreux on behalf of Bekaert has bought 53 640 shares.

The table below provides an overview of the transactions under the third tranche of the share buyback program during the period from 20 October 2022 to 26 October 2022:

 

Repurchase of shares

Date

Market

Number of Shares

Average Price paid (€)

Highest Price paid (€)

Lowest Price paid (€)

Total Amount (€)

20 October 2022

Euronext Brussels

4 226

27.53

27.60

27.42

116 342

 

MTF CBOE

3 120

27.50

27.60

27.36

85 800

 

MTF Turquoise

 

MTF Aquis

21 October 2022

Euronext Brussels

7 697

27.59

27.84

27.34

212 360

 

MTF CBOE

6 874

27.58

27.82

27.34

189 585

 

MTF Turquoise

 

MTF Aquis

24 October 2022

Euronext Brussels

7 581

28.13

28.38

27.82

213 254

 

MTF CBOE

7 281

28.12

28.38

27.80

204 742

 

MTF Turquoise

 

MTF Aquis

25 October 2022

Euronext Brussels

8 226

28.20

28.48

27.98

231 973

 

MTF CBOE

7 038

28.21

28.44

28.00

198 542

 

MTF Turquoise

990

28.08

28.08

28.08

27 799

 

MTF Aquis

26 October 2022

Euronext Brussels

607

28.28

28.28

28.00

17 166

 

MTF CBOE

 

MTF Turquoise

 

MTF Aquis

Total

 

53 640

27.92

28.48

27.34

1 497 563

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 7 400 shares during the period from 20 October 2022 to 26 October 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 5 800 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from
20 October 2022 to 26 October 2022:

 

Purchase of shares

Date

Number of Shares

Average Price (€)

Highest Price (€)

Lowest Price (€)

Total Amount (€)

20 October 2022

500

27.50

27.50

27.50

13 750

21 October 2022

3 000

27.68

27.88

27.30

83 040

24 October 2022

1 000

27.88

28.00

27.80

27 880

25 October 2022

1 600

28.15

28.30

28.00

45 040

26 October 2022

1 300

27.90

28.00

27.80

36 270

Total

7 400

205 980


 

Sale of shares

Date

Number of Shares

Average Price (€)

Highest Price (€)

Lowest Price (€)

Total Amount (€)

20 October 2022

2 100

27.98

28.10

27.80

58 758

21 October 2022

0

0.00

0.00

0.00

0

24 October 2022

1 900

28.14

28.30

28.00

53 466

25 October 2022

1 000

28.38

28.50

28.30

28 380

26 October 2022

800

28.17

28.24

28.10

22 536

Total

5 800

163 140

The balance held by Bekaert under the liquidity agreement at the end of the period is 85 271 shares.

On 26 October 2022 after closing of the market, Bekaert holds 4 064 190 own shares, or 6.89% 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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