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

Bekaert

30 September 2022 at 2:15 am·4-min read

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

p220930E - Bekaert - Update on the Share Buyback Program and the Liquidity Agreement

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