Aalberts Share Buyback Program Shows Significant Progress
Aalberts Shares Buyback Program Progress Overview
Aalberts has reported significant progress in its ongoing share buyback program, having successfully repurchased 2,500 of its shares recently. This repurchase occurred during the time frame from early June, demonstrating Aalberts' ongoing commitment to enhancing shareholder value.
Details of the Share Repurchase
The shares were repurchased for a total amount of EUR 78,285.24, translating to an average share price of EUR 31.31. This move reflects the company's strategic approach as it works within the framework of its broader buyback program that was initially announced earlier this year.
Background of the Program
Originally unveiled on 27 February 2025, the share buyback program aims for a total investment of EUR 75 million. The buybacks began on 28 February 2025 and are slated to continue until the end of October 2025, providing a clear timeline for shareholders to follow. The intention is to cancel shares following their repurchase, which is expected to enhance overall shareholder equity.
Cumulative Repurchases to Date
As of mid-June, the total number of shares repurchased under this program has reached an impressive 1,842,869, amounting to EUR 54,988,223. This milestone indicates a robust ongoing commitment from Aalberts as it executes its strategic vision for returning value to shareholders.
Role of an Intermediary
Aalberts has engaged an independent intermediary to carry out the share repurchase. This intermediary operates in the open market during both open and closed periods, ensuring a transparent and efficient process in accordance with market regulations.
Compliance with Regulatory Frameworks
The share buyback program is being executed within the limitations set forth by the authority granted during the Annual General Meeting (AGM) held in May 2024. Aalberts also ensures that the buyback activities adhere to the regulations stipulated in the Market Abuse Regulation 596/2014 and comply with the safe harbor parameters of the Commission Delegated Regulation 2016/1052, which govern corporate buyback programs.
Contact Information
For more information regarding the buyback program or investor relations, shareholders and interested parties can contact Aalberts directly. For immediate inquiries, you can call +31 (0)30 3079 302 from 8:00 am CEST onwards.
Frequently Asked Questions
What is Aalberts' share buyback program?
Aalberts' share buyback program is a corporate strategy aimed at repurchasing shares from the market to enhance shareholder value and reduce the total number of shares in circulation.
How many shares has Aalberts repurchased so far?
As of mid-June, Aalberts has repurchased a total of 1,842,869 shares under its buyback program.
What was the total consideration for shares repurchased?
The cumulative total consideration for shares repurchased by Aalberts amounts to EUR 54,988,223.
Who is handling the share repurchase?
Aalberts has appointed an independent intermediary to manage the share buyback process in accordance with regulatory guidelines.
When will the buyback program conclude?
The buyback program is set to continue until the end of October 2025, providing a clear timeline for shareholders to anticipate.
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