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

    来源: Nasdaq GlobeNewswire / 07 10月 2022 01:15:00   America/Chicago

    Update on the Share Buyback Program and the Liquidity Agreement
    Period from 29 September 2022 to 5 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 29 September 2022 to 5 October 2022, Kepler Cheuvreux on behalf of Bekaert has bought 127 548 shares.

    The table below provides an overview of the transactions under the third tranche of the share buyback program during the period from 29 September 2022 to 5 October 2022:

      Repurchase of shares
    Date Market Number of Shares Average Price paid (€) Highest Price paid (€) Lowest Price paid (€) Total Amount (€)
    29 September 2022 Euronext Brussels 11 425 25.18 25.60 24.88 287 682
      MTF CBOE 10 980 25.17 25.60 24.88 276 367
      MTF Turquoise 1 580 25.17 25.60 24.88 39 769
      MTF Aquis 2 070 25.18 25.62 24.88 52 123
    30 September 2022 Euronext Brussels 10 860 25.62 25.90 25.18 278 233
      MTF CBOE 10 399 25.63 25.88 25.18 266 526
      MTF Turquoise 1 587 24.62 25.88 25.26 39 072
      MTF Aquis 1 950 25.62 25.92 25.34 49 959
    3 October 2022 Euronext Brussels 11 235 26.00 26.40 25.58 292 110
      MTF CBOE 11 200 26.00 26.44 25.58 291 200
      MTF Turquoise 1 619 25.99 26.40 25.50 42 078
      MTF Aquis 2 085 26.01 26.40 25.62 54 231
    4 October 2022 Euronext Brussels 11 240 27.06 27.18 26.88 304 154
      MTF CBOE 11 413 27.05 27.18 26.88 308 722
      MTF Turquoise 1 793 27.06 27.22 26.88 48 519
      MTF Aquis 2 086 27.05 27.18 26.88 56 426
    5 October 2022 Euronext Brussels 10 000 26.76 27.28 26.46 267 600
      MTF CBOE 10 000 26.75 27.30 26.46 267 500
      MTF Turquoise 1 815 26.60 26.60 26.58 48 279
      MTF Aquis 2 211 26.58 26.60 26.56 58 768
    Total   127 548 26.10 27.30 24.88 3 329 318

    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 29 September 2022 to 5 October 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 17 526 shares on Euronext Brussels.

    The tables below provide an overview of the transactions under the liquidity agreement during the period from 29 September 2022 to 5 October 2022:

      Purchase of shares
    Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
    29 September 2022 2 400 25.23 25.60 24.86 60 552
    30 September 2022 600 25.12 25.12 25.12 15 072
    3 October 2022 400 25.56 25.56 25.56 10 224
    4 October 2022 0 0.00 0.00 0.00 0
    5 October 2022 4 000 26.76 26.92 26.56 107 040
    Total 7 400 192 888


      Sale of shares
    Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
    29 September 2022 0 0.00 0.00 0.00 0
    30 September 2022 1 538 25.69 26.00 25.56 39 511
    3 October 2022 4 488 26.25 26.40 26.04 117 810
    4 October 2022 10 500 27.06 27.22 26.76 284 130
    5 October 2022 1 000 27.30 27.30 27.30 27 300
    Total 17 526 468 751

    The balance held by Bekaert under the liquidity agreement at the end of the period is 95 141 shares.

    On 5 October 2022 after closing of the market, Bekaert holds 3 822 317 own shares, or 6.48% 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


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