Aalberts Updates on Ongoing Share Buyback Efforts

Author: Owen Jenkins Updated: 04-22-2025 09:03 AM

Aalberts Share Buyback Programme Details

Aalberts has recently provided an update on its ongoing share buyback programme, revealing significant progress made within a specified timeframe. The company reported that it has repurchased 220,693 of its own shares from 14 April to 17 April, amounting to EUR 5,934,725.28, which translates to an average purchase price of EUR 26.89 per share.

Overview of the Buyback Initiative

This particular buyback is part of a larger programme announced on 27 February, which totals a substantial EUR 75 million. The initiative commenced on 28 February and is scheduled for completion no later than 24 October. Following the purchases, Aalberts intends to cancel the repurchased shares, thereby reducing the number of shares available in the market.

Cumulative Shares Repurchased

As of 17 April, the company has cumulatively repurchased a total of 1,538,503 shares, with a total expenditure amounting to EUR 46,397,679. This demonstrates a robust commitment by Aalberts to return value to its shareholders through strategic share repurchase actions.

Execution and Compliance

Aalberts has appointed an intermediary to handle the share repurchases on the open market, ensuring operations remain independent. The buyback will proceed within the constraints laid out by the Annual General Meeting (AGM) held on 23 May. This structured approach adheres to the regulatory frameworks established by the Market Abuse Regulation and ensures compliance with safe harbour guidelines.

Commitment to Transparency

The company has expressed a strong commitment to transparency throughout this process, and stakeholders can expect regular updates regarding the buyback programme's status. It reflects Aalberts’ dedication to keeping investors informed about significant corporate actions affecting their investments.

Looking Ahead

Moving forward, Aalberts aims to approach its share repurchase goals systematically while also evaluating further opportunities for sustainable growth. By leveraging market insights and operational efficiencies, the company continues to position itself as a leader in its sector.

Frequently Asked Questions

What is the total amount earmarked for the share buyback programme?

The total amount allocated for the share buyback programme is EUR 75 million.

How many shares has Aalberts repurchased so far?

As of the latest update, Aalberts has repurchased a total of 1,538,503 shares.

What is the average price per share at which shares are being bought back?

The average price per share for the repurchased stocks is EUR 26.89.

When will the share buyback programme conclude?

The share buyback programme is scheduled to be completed by 24 October.

How is the buyback being executed?

Aalberts has engaged an intermediary to conduct the share repurchases in the open market, ensuring independence during the process.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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