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Bekaert - Update on the Share Buyback Program and the Liquidity Agreement
Update on the Share Buyback Program and the Liquidity Agreement
Period from 25 August 2022 to 31 August 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 25 August 2022 to 31 August 2022, Kepler Cheuvreux on behalf of Bekaert has bought 63 746 shares.
The table below provides an overview of the transactions under the third tranche of the share buyback program during the period from 25 August 2022 to 31 August 2022:
| Repurchase of shares | |||||
Date | Market | Number of Shares | Average Price paid (€) | Highest Price paid (€) | Lowest Price paid (€) | Total Amount (€) |
25 August 2022 | Euronext Brussels | 7 800 | 31.08 | 31.38 | 30.90 | 242 412 |
| MTF CBOE | 5 200 | 31.11 | 31.32 | 30.90 | 161 782 |
| MTF Turquoise | — | — | — | — | — |
| MTF Aquis | — | — | — | — | — |
26 August 2022 | Euronext Brussels | 7 900 | 31.59 | 31.96 | 31.08 | 249 555 |
| MTF CBOE | 5 100 | 31.58 | 31.98 | 31.08 | 161 069 |
| MTF Turquoise | — | — | — | — | — |
| MTF Aquis | — | — | — | — | — |
29 August 2022 | Euronext Brussels | 7 000 | 30.89 | 31.20 | 30.42 | 216 213 |
| MTF CBOE | 4 800 | 30.89 | 31.18 | 30.42 | 148 285 |
| MTF Turquoise | — | — | — | — | — |
| MTF Aquis | — | — | — | — | — |
30 August 2022 | Euronext Brussels | 6 900 | 31.49 | 31.78 | 30.98 | 217 282 |
| MTF CBOE | 4 700 | 31.49 | 31.72 | 31.00 | 147 984 |
| MTF Turquoise | 580 | 31.47 | 31.80 | 31.00 | 18 255 |
| MTF Aquis | 820 | 31.49 | 31.80 | 31.06 | 25 818 |
31 August 2022 | Euronext Brussels | 6 751 | 30.81 | 31.18 | 30.56 | 208 008 |
| MTF CBOE | 4 676 | 30.81 | 31.16 | 30.58 | 144 066 |
| MTF Turquoise | 587 | 30.80 | 31.06 | 30.60 | 18 082 |
| MTF Aquis | 932 | 30.81 | 31.18 | 30.60 | 28 712 |
Total |
| 63 746 | 31.18 | 31.98 | 30.42 | 1 987 523 |
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 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 6 763 shares during the period from 25 August 2022 to 31 August 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 8 400 shares on Euronext Brussels.
The tables below provide an overview of the transactions under the liquidity agreement during the period from 25 August 2022 to 31 August 2022:
| Purchase of shares | ||||
Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) |
25 August 2022 | 2 163 | 31.04 | 31.10 | 31.00 | 67 140 |
26 August 2022 | 0 | 0.00 | 0.00 | 0.00 | 0 |
29 August 2022 | 2 000 | 30.77 | 30.98 | 30.60 | 61 540 |
30 August 2022 | 1 000 | 31.04 | 31.08 | 31.00 | 31 040 |
31 August 2022 | 1 600 | 30.75 | 30.90 | 30.60 | 49 200 |
Total | 6 763 | — | — | — | 208 920 |
| Sale of shares | ||||
Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) |
25 August 2022 | 400 | 31.40 | 31.40 | 31.40 | 12 560 |
26 August 2022 | 2 600 | 31.64 | 32.00 | 31.42 | 82 264 |
29 August 2022 | 1 000 | 31.10 | 31.10 | 31.10 | 31 100 |
30 August 2022 | 4 000 | 31.49 | 31.80 | 31.20 | 125 960 |
31 August 2022 | 400 | 31.20 | 31.20 | 31.20 | 12 480 |
Total | 8 400 | — | — | — | 264 364 |
The balance held by Bekaert under the liquidity agreement at the end of the period is 84 171 shares.
On 31 August 2022 after closing of the market, Bekaert holds 3 339 171 own shares, or 5.66% 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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