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

    Source: Nasdaq GlobeNewswire / 02 Sep 2022 01:30:00   America/Chicago

    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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