UK markets closed
  • FTSE 100

    6,893.81
    +12.22 (+0.18%)
     
  • FTSE 250

    17,168.34
    +377.94 (+2.25%)
     
  • AIM

    806.38
    +7.99 (+1.00%)
     
  • GBP/EUR

    1.1363
    +0.0039 (+0.34%)
     
  • GBP/USD

    1.1111
    -0.0012 (-0.11%)
     
  • BTC-GBP

    17,718.11
    +312.87 (+1.80%)
     
  • CMC Crypto 200

    449.48
    +6.06 (+1.37%)
     
  • S&P 500

    3,638.64
    -1.83 (-0.05%)
     
  • DOW

    29,106.51
    -119.10 (-0.41%)
     
  • CRUDE OIL

    80.61
    -0.62 (-0.76%)
     
  • GOLD FUTURES

    1,678.10
    +9.50 (+0.57%)
     
  • NIKKEI 225

    25,937.21
    -484.84 (-1.83%)
     
  • HANG SENG

    17,222.83
    +56.96 (+0.33%)
     
  • DAX

    12,114.36
    +138.81 (+1.16%)
     
  • CAC 40

    5,762.34
    +85.47 (+1.51%)
     

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 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.


 

Attachment