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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 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.

 

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