Update on the Liquidity Agreement
Bekaert has released details regarding its renewed liquidity agreement with Kepler Cheuvreux, highlighting the transactions that occurred between the 15th and 21st of August 2024.
Transactions Overview
During this reporting period, Kepler Cheuvreux, acting on behalf of Bekaert, bought a total of 2,700 shares while selling 3,526 shares on Euronext Brussels. These transactions reflect Bekaert's strategic approach to managing its liquidity and enhancing its shareholder value.
Details of Purchases
The following summarizes the purchase of shares made under the liquidity agreement:
Purchase Summary:
- Date: 15 August 2024 - Shares Purchased: 300 - Average Price (€): 35.50 - Total Amount (€): 10,650
- Date: 16 August 2024 - Shares Purchased: 1,800 - Average Price (€): 35.45 - Total Amount (€): 63,810
- Date: 20 August 2024 - Shares Purchased: 600 - Average Price (€): 35.75 - Total Amount (€): 21,450
Across these transactions, a total of 2,700 shares were purchased at a cumulative amount of €95,910.
Details of Sales
A breakdown of the sales of shares during the same period is provided below:
Sales Summary:
- Date: 15 August 2024 - Shares Sold: 826 - Average Price (€): 35.84 - Total Amount (€): 29,604
- Date: 19 August 2024 - Shares Sold: 1,100 - Average Price (€): 35.71 - Total Amount (€): 39,281
- Date: 21 August 2024 - Shares Sold: 1,600 - Average Price (€): 36.21 - Total Amount (€): 57,936
In total, Bekaert sold 3,526 shares, achieving an overall total of €126,821.
Current Shareholding Position
At the end of the reporting period, Bekaert holds a balance of 41,956 shares under the liquidity agreement.
As of the latest update, a total of 1,854,085 own shares remain held by Bekaert, representing approximately 3.42% of the outstanding shares in circulation.
Conclusion
This liquidity agreement not only aids in managing market volatility but also demonstrates Bekaert's ongoing commitment to optimizing its equity structure amid prevailing market conditions.
Frequently Asked Questions
What is a liquidity agreement?
A liquidity agreement is a contractual arrangement where financial services companies assist firms in maintaining their share price by providing liquidity through buying and selling shares.
Who manages Bekaert's liquidity agreement?
The liquidity agreement is currently managed by Kepler Cheuvreux on behalf of Bekaert, facilitating share transactions on Euronext Brussels.
How many shares did Bekaert purchase during this period?
Bekaert purchased a total of 2,700 shares from 15 August to 21 August 2024.
What was the financial outcome of the share sales?
Bekaert generated a total revenue of €126,821 from the 3,526 shares sold during the same time frame.
What percentage of shares does Bekaert currently hold?
Bekaert currently holds 1,854,085 of its own shares, equating to 3.42% of all outstanding shares.
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