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

Bekaert
Bekaert

Update on the Share Buyback Program and the Liquidity Agreement
Period from 22 September 2022 to 28 September 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 22 September 2022 to 28 September 2022, Kepler Cheuvreux on behalf of Bekaert has bought 114 785 shares.

The table below provides an overview of the transactions under the third tranche of the share buyback program during the period from 22 September 2022 to 28 September 2022:

 

Repurchase of shares

Date

Market

Number of Shares

Average Price paid (€)

Highest Price paid (€)

Lowest Price paid (€)

Total Amount (€)

22 September 2022

Euronext Brussels

10 600

26.82

27.06

26.56

284 292

 

MTF CBOE

8 700

26.77

26.94

26.54

232 899

 

MTF Turquoise

1 500

26.87

26.90

26.84

40 305

 

MTF Aquis

1 800

26.89

26.90

26.84

48 402

23 September 2022

Euronext Brussels

10 497

25.99

26.56

25.72

272 817

 

MTF CBOE

8 885

25.97

26.54

25.72

230 743

 

MTF Turquoise

1 440

25.98

26.80

25.74

37 411

 

MTF Aquis

1 950

25.97

26.54

25.74

50 642

26 September 2022

Euronext Brussels

10 900

25.90

26.18

25.50

282 310

 

MTF CBOE

9 400

25.88

26.18

25.48

243 272

 

MTF Turquoise

1 475

25.91

26.18

25.58

38 217

 

MTF Aquis

1 986

25.91

26.22

25.50

51 457

27 September 2022

Euronext Brussels

11 017

26.02

26.36

25.68

286 662

 

MTF CBOE

9 850

26.02

26.34

25.68

256 297

 

MTF Turquoise

1 399

26.02

26.42

25.76

36 402

 

MTF Aquis

2 043

26.01

26.42

25.72

53 138

28 September 2022

Euronext Brussels

9 748

25.55

25.90

24.88

249 061

 

MTF CBOE

8 576

25.52

25.86

24.90

218 860

 

MTF Turquoise

1 339

25.51

25.90

25.02

34 158

 

MTF Aquis

1 680

25.51

25.92

24.92

42 857

Total

 

114 785

26.05

27.06

24.88

2 990 202

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 9 900 shares during the period from 22 September 2022 to 28 September 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 4 500 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from
22 September 2022 to 28 September 2022:

 

Purchase of shares

Date

Number of Shares

Average Price (€)

Highest Price (€)

Lowest Price (€)

Total Amount (€)

22 September 2022

3 400

26.74

26.90

26.50

90 916

23 September 2022

1 200

26.07

26.30

25.80

31 284

26 September 2022

1 600

25.59

25.62

25.50

40 944

27 September 2022

1 700

25.86

25.94

25.70

43 962

28 September 2022

2 000

25.42

25.80

25.00

50 840

Total

9 900

257 946


 

Sale of shares

Date

Number of Shares

Average Price (€)

Highest Price (€)

Lowest Price (€)

Total Amount (€)

22 September 2022

1 000

27.10

27.10

27.10

27 100

23 September 2022

0

0.00

0.00

0.00

0

26 September 2022

700

26.09

26.20

2 600.00

18 263

27 September 2022

2 800

26.13

26.20

2 600.00

73 164

28 September 2022

0

0.00

0.00

0.00

0

Total

4 500

118 527

The balance held by Bekaert under the liquidity agreement at the end of the period is 105 267 shares.

On 28 September 2022 after closing of the market, Bekaert holds 3 704 895 own shares, or 6.28% 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