Aalberts Enhances Shareholder Value Through Buyback Program
Continued Commitment to Shareholders
Aalberts is thrilled to announce ongoing success in its share buyback program. Recently, the company repurchased a total of 55,344 shares, investing EUR 1,634,628.86 at an average price of EUR 29.54 per share. This is a strong demonstration of Aalberts' commitment to delivering value to its shareholders.
Overview of the Buyback Program
This strategic initiative is part of a larger buyback program valued at EUR 75 million, initially shared with the market in a prior announcement. The repurchases commenced on February 28, 2025, and are expected to conclude by October 24, 2025, with a goal of cancelling the repurchased shares.
Cumulative Repurchases and Financial Impact
As of June 27, 2025, a remarkable total of 1,997,324 shares have been acquired since the program's start, culminating in an expenditure of EUR 59,562,534. This indicates a solid commitment to enhancing shareholder equity through practical measures.
Independent Execution of the Buyback
Aalberts has engaged a third-party intermediary to oversee the share repurchases, ensuring that transactions are conducted transparently within both open and closed trading periods. This independent approach fosters confidence in the program's integrity as we navigate this strategy.
Compliance with Regulatory Frameworks
The execution of this buyback program aligns with the authority granted during the Annual General Meeting of May 23, 2024. Aalberts operates within established guidelines as outlined by the Market Abuse Regulation 596/2014 and adheres to the safe harbor provisions defined by the Commission Delegated Regulation 2016/1052, upholding best practices in share buybacks.
What This Means for Investors
The buyback initiative is anticipated to positively influence Aalberts’ stock value, reflecting a proactive management approach that prioritizes shareholder benefits. By reducing the number of shares outstanding, the remaining shares may experience increased value over time.
Future Implications
With the ongoing buyback plan, Aalberts demonstrates its confidence in the company’s long-term prospects. Shareholders can look forward to potential financial benefits as the program unfolds and market conditions evolve.
Frequently Asked Questions
What is the total amount allocated for the buyback program?
The total amount allocated for the share buyback program is EUR 75 million.
How many shares have been repurchased so far?
As of June 27, 2025, Aalberts has repurchased 1,997,324 shares.
Who is responsible for conducting the share buyback?
Aalberts has appointed an independent intermediary to conduct the share buybacks.
What regulatory framework governs this buyback?
The buyback program complies with the Market Abuse Regulation and relevant compliance guidelines.
When will the buyback program conclude?
The buyback program is expected to conclude no later than October 24, 2025.
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