Aalberts Achieves Milestone in Share Buyback Program Progress

Aalberts' Share Buyback Programme Update
Aalberts has been actively engaged in repurchasing its own shares to enhance shareholder value and strengthen its market position. In the timeframe leading up to early August, the company successfully bought back 242,722 shares, amounting to EUR 9,756,200, with an average share price of EUR 28.47.
Details of the Buyback Programme
This initiative is a core component of Aalberts' broader share buyback programme, originally announced in late February, which is designed to utilize a total budget of EUR 75 million. The programme began in late February and is expected to conclude by the designated end date in October. Once repurchased, the shares are anticipated to be cancelled, thereby reducing the outstanding share count and potentially boosting earnings per share for existing shareholders.
Volume of Share Repurchases
As of early August, the cumulative repurchase volume under this programme amounts to 2,493,046 shares, with a total expenditure of EUR 73,566,916. This remarkable activity illustrates Aalberts' commitment to returning value to its shareholders, particularly in these dynamic market conditions.
Execution of the Repurchase
Aalberts has appointed a professional intermediary to carry out the share repurchases on the open market. This intermediary operates independently, ensuring adherence to the company’s strategic timeline while complying with all regulatory frameworks.
Regulatory Compliance
The share buyback operations are being executed within the parameters set by the Annual General Meeting held the previous year, along with compliance with the Market Abuse Regulation and associated guidelines necessary for such transactions. This careful orchestration helps ensure transparency and integrity in the execution of the buyback.
Future Outlook
Aalberts continues to monitor market conditions closely and adapt its strategies accordingly to maximize shareholder benefits. The company's ongoing commitment to its buyback programme demonstrates a strategic approach to capital allocation, optimizing the overall structure of its equity and reinforcing confidence among its investors.
Contact Information
For more information about the share buyback programme or investment inquiries, interested parties can reach Aalberts at +31 (0)30 3079 302 starting from 8:00 am CEST or via email at investors@aalberts.com.
Frequently Asked Questions
What is the purpose of Aalberts' share buyback programme?
The programme aims to return value to shareholders by repurchasing shares and subsequently cancelling them, which may enhance earnings per share.
How many shares have been repurchased so far?
As of early August, Aalberts has repurchased a total of 2,493,046 shares under the buyback programme.
What are the financial details of the recent share repurchase?
The most recent repurchase amounted to EUR 9,756,200 for 242,722 shares, reflecting an average price of EUR 28.47 per share.
Who manages the share repurchase process?
Aalberts has engaged an independent intermediary to handle the repurchase transactions in the market.
What regulations govern the share buyback programme?
The programme operates within the legal frameworks set by the Market Abuse Regulation and the guidelines established in the Annual General Meeting.
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