Aalberts Highlights Share Buyback Activity and Future Plans
Aalberts Reports Significant Share Buyback Progress
Aalberts has recently announced its share buyback progress, highlighting the repurchase of 2,500 shares within a designated period, showcasing their commitment to shareholder value and corporate strategy.
Share Buyback Details and Financial Impact
The total amount spent on these shares reached EUR 78,823.16, equating to an average price of EUR 31.53. This initiative is part of a larger share buyback program that was first introduced earlier this year, with a total budget of EUR 75 million allocated for this purpose.
Commencement and Duration of the Buyback Program
Aalberts officially began repurchasing shares on February 28 of this year, with the expectation to conclude the program by October 24, 2025. This timeline is designed to bolster the company’s stock performance and enhance shareholder value over a defined period.
Cumulative Shares Repurchased
To date, the company has successfully repurchased a cumulative total of 2,002,324 shares under this program, translating to a considerable investment of approximately EUR 59,718,534. This significant commitment underscores Aalberts’ strategic focus on shareholder returns.
Independent Execution of the Buyback
In a bid to ensure transparency and compliance, Aalberts has engaged an independent intermediary to facilitate the buyback process. This approach guarantees that share repurchases are conducted ethically, both during open and closed periods as per regulatory requirements.
Compliance with Regulatory Guidelines
The share buyback program adheres to the limitations set forth by the Annual General Meeting (AGM) held earlier this year. The actions taken within this buyback align with the Market Abuse Regulation (EU) 596/2014, along with the safe harbor provisions established by the Commission Delegated Regulation 2016/1052.
Contact Information for Shareholders
Aalberts encourages shareholders to stay informed about the ongoing buyback program. They can reach out with inquiries or for further updates through the following contact: +31 (0)30 3079 302 during working hours. Additionally, investors can email their questions to investors@aalberts.com.
Frequently Asked Questions
What is the purpose of the share buyback program by Aalberts?
The share buyback program aims to enhance shareholder value by repurchasing shares, thus reducing the number of shares in circulation and potentially increasing the share price.
How many shares has Aalberts repurchased so far?
As of the latest update, Aalberts has repurchased a total of 2,002,324 shares.
What is the average price for the shares repurchased by Aalberts?
The average share price for the repurchases is EUR 31.53.
What is the total budget allocated for the share buyback program?
Aalberts has allocated a total budget of EUR 75 million for its share buyback initiative.
How can shareholders get in touch for more information regarding the buyback?
Shareholders can contact Aalberts at +31 (0)30 3079 302 or via email at investors@aalberts.com for inquiries related to the buyback program.
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