Bekaert Enhances Share Buyback Program and Liquidity Strategy
Share Buyback Program Overview
Bekaert has announced a significant advancement in its share buyback program, underlining its dedication to generating value for shareholders. The company has set a maximum budget, amounting to €25 million, to repurchase shares. This initiative is part of a broader strategy to reduce the total number of outstanding shares and enhance earnings per share.
Recent Share Purchases
During the latest reporting period, Bekaert has successfully repurchased a total of 40,953 shares. These activities reflect the sustained efforts of the company to effectively manage its capital structure and return value to its shareholders.
Transaction Details
The latest transactions were carried out through Kepler Cheuvreux SA, following the program announced earlier this year. Notable transactions during the recent period from specific dates illustrate the systematic approach Bekaert is applying to its buyback initiative.
Buying Activity
Here’s an overview of the share repurchase transactions that took place:
- On April 17, 2025, Bekaert purchased 9,354 shares at an average price of €32.27 on the Euronext Brussels market, with a total expenditure reaching €301,854.
- Additionally, 3,599 shares were bought on the MTF CBOE at an average price of €32.26, spending €116,104.
- On April 22, 2025, a substantial purchase included 10,000 shares at an average price of €31.67.
- Concluding the period on April 23, 2025, the company acquired another 10,067 shares, reflecting ongoing investment confidence.
Liquidity Agreement Updates
Bekaert's proactive liquidity management remains a priority as the company engages in a renewed agreement with Kepler Cheuvreux. This liquidity agreement allows for significant flexibility in purchasing and selling shares as market conditions evolve, fostering a dynamic trading environment.
Liquidity Transaction Summary
During the specified reporting period, Kepler Cheuvreux executed additional transactions:
- On April 17, 2025, 1,000 shares were purchased at an average price of €32.26, totaling €32,260.
- Subsequently, share purchases were reflected without transactions on a few selected days, yet activity resumed on April 22 with 1,800 shares purchased at an average price of €31.70, totaling €57,060.
- By April 23, sales by Kepler Cheuvreux totaled 2,401 shares, indicating continuous engagement in the market.
Shareholder Ownership Insights
By the end of the reporting period on April 23, 2025, it was reported that Bekaert holds approximately 3,086,513 shares, accounting for around 5.69% of the total outstanding shares. This level of ownership is indicative of the confidence Bekaert has in its strategic direction and market position.
Final Share Status
The liquidity reserve maintained under the agreement is approximately 36,467 shares, providing Bekaert with the necessary means to navigate through market fluctuations effectively.
Frequently Asked Questions
What is the main purpose of Bekaert's share buyback program?
The primary purpose is to cancel the shares repurchased, which helps to reduce the overall number of outstanding shares, thus enhancing shareholder value.
How many shares did Bekaert repurchase during the recent program?
Bekaert repurchased a total of 40,953 shares during the specified reporting period.
What is the average price paid for shares in the buyback?
The average price paid for shares purchased by Bekaert varied, with notable instances being €32.27 and €31.67 on different transaction days.
Who manages Bekaert's liquidity agreement?
Kepler Cheuvreux manages the liquidity agreement on behalf of Bekaert, facilitating the buying and selling of shares in the market.
What percentage of shares does Bekaert currently hold?
Bekaert currently holds approximately 5.69% of its total outstanding shares, which reflects strong ownership and commitment to stakeholders.
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