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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 23 June 2022 to 29 June 2022

Share Buyback Program

In the context of the share buyback program of Bekaert, announced on 25 February 2022, the second tranche of €30 million started on 11 May 2022.

Bekaert announces today that during the period from 23 June 2022 to 29 June 2022, Kepler Cheuvreux on behalf of Bekaert has bought 105 861 shares.

The table below provides an overview of the transactions under the second tranche of the share buy back program during the period from 23 June 2022 and 29 June 2022:

 

 

Repurchase of shares

Date

Market

Number of Shares

Average Price paid (€)

Highest Price paid (€)

Lowest Price paid (€)

Total Amount (€)

23 June 2022

XBRU

9 905

32.47

33.00

32.12

321 615

CEUX

7 687

32.49

33.02

32.24

249 751

TQEX

1 349

32.50

32.90

32.26

43 843

AQEU

1 964

32.48

33.00

32.20

63 791

24 June 2022

XBRU

10 006

32.47

32.86

32.02

324 895

CEUX

7 680

32.46

32.82

32.08

249 293

TQEX

1 385

32.50

32.82

32.08

45 013

AQEU

1 859

32.48

32.84

32.12

60 380

27 June 2022

XBRU

9 971

33.12

33.50

32.76

330 240

CEUX

7 635

33.11

33.42

32.74

252 795

TQEX

1 309

33.10

33.42

32.88

43 328

AQEU

1 963

33.13

33.48

32.78

65 034

28 June 2022

XBRU

9 976

33.02

33.76

32.30

329 408

CEUX

7 828

33.03

33.62

32.38

258 559

TQEX

1 395

32.94

33.62

32.40

45 951

AQEU

1 985

32.99

33.64

32.42

65 485

29 June 2022

XBRU

10 126

32.37

32.78

32.10

327 779

CEUX

8 231

32.37

32.72

32.10

266 437

TQEX

1 526

32.36

32.70

32.16

49 381

AQEU

2 081

32.37

32.72

32.12

67 362

 Total

 

105 861

32.69

33.76

32.02

3 460 338

As announced on 25 February 2022 and 11 May 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 10 101 shares during the period from 23 June 2022 to 29 June 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 4 801 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 23 June 2022 to 29 June 2022:

 

Purchase of shares

Date

Number of Shares

Average Price (€)

Highest Price (€)

Lowest Price (€)

Total Amount (€)

23 June 2022

4 400

32.32

32.64

32.10

142 208

24 June 2022

1

32.30

32.30

32.30

32

27 June 2022

0

0.00

0.00

0.00

0

28 June 2022

3 900

32.46

32.80

32.30

126 594

29 June 2022

1 800

32.22

32.28

32.20

57 996

Total

10 101

-

-

-

326 830




Sale of shares

Date

Number of Shares

Average Price (€)

Highest Price (€)

Lowest Price (€)

Total Amount (€)

23 June 2022

0

0.00

0.00

0.00

0

24 June 2022

2 001

32.60

32.80

32.30

65 233

27 June 2022

1 800

33.22

33.50

33.00

59 796

28 June 2022

1 000

33.45

33.50

33.40

33 450

29 June 2022

0

0.00

0.00

0.00

0

Total

4 801

-

-

-

158 479

The balance held by Bekaert under the liquidity agreement at the end of the period is 82 822 shares.

On 29 June 2022 after closing of the market, Bekaert holds 2 870 699 own shares, or 4.87 % of the total number of the outstanding shares.

Attachment


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