Update on the Liquidity Agreement
Bekaert has shared important updates about its renewed liquidity agreement with Kepler Cheuvreux, focusing on the transactions that took place between August 15 and August 21, 2024.
Transactions Overview
During this reporting period, Kepler Cheuvreux, acting on behalf of Bekaert, acquired a total of 2,700 shares while selling 3,526 shares on Euronext Brussels. These transactions illustrate Bekaert's strategic efforts to manage liquidity effectively and enhance shareholder value.
Details of Purchases
Here's a summary of the shares purchased 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
In total, 2,700 shares were purchased, amounting to a cumulative total of €95,910.
Details of Sales
Below is a breakdown of the shares sold during the same period:
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
Overall, Bekaert sold 3,526 shares, generating a total revenue of €126,821.
Current Shareholding Position
At the conclusion of this reporting period, Bekaert holds a total of 41,956 shares under the liquidity agreement.
As of the latest update, Bekaert retains 1,854,085 of its own shares, which represents approximately 3.42% of all outstanding shares in circulation.
Conclusion
This liquidity agreement not only helps manage market volatility but also underscores Bekaert's commitment to optimizing its equity structure in the current market environment.
Frequently Asked Questions
What is a liquidity agreement?
A liquidity agreement is a contract in which financial services firms help companies maintain their share price by providing liquidity through the buying and selling of shares.
Who manages Bekaert's liquidity agreement?
The liquidity agreement is 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 August 15 to August 21, 2024.
What was the financial outcome of the share sales?
Bekaert generated a total revenue of €126,821 from the sale of 3,526 shares during this time frame.
What percentage of shares does Bekaert currently hold?
Bekaert currently holds 1,854,085 of its own shares, which equates to 3.42% of all outstanding shares.
