Bekaert Reports Progress of Recent Liquidity Agreement
Update on Recent Liquidity Agreement
Bekaert is excited to share the latest updates regarding its liquidity agreement, emphasizing the active management of shares in the market. This agreement with Kepler Cheuvreux marks a significant step in ensuring effective liquidity engagement for Bekaert.
Transaction Overview
During the period from September 26 to October 2, several transactions were executed. Specifically, 5,400 shares were purchased while 11,600 shares were sold on Euronext Brussels, demonstrating a dynamic trading environment.
Purchases Breakdown
The breakdown of share purchases shows activity as follows:
- September 30, 2024: 1,700 shares bought at an average price of €37.05.
- October 1, 2024: 1,755 shares acquired at €36.86.
- October 2, 2024: 1,945 shares obtained at €36.63.
Sales Overview
In addition, Bekaert recorded sales of shares during this period:
- September 26, 2024: 6,300 shares sold at an average price of €36.09.
- September 27, 2024: 3,600 shares were sold with an average value of €36.88.
- October 1, 2024: 1,100 shares sold at an average price of €37.27.
Total Activity Summary
A comprehensive review of these transactions reveals that Bekaert made significant progress under the liquidity agreement, maintaining a steady balance. The total share activity resulted in the acquisition of 5,400 shares and the divestiture of 11,600 shares, with careful price management aimed at protecting shareholder interests.
Current Shareholder Position
At the conclusion of this trading period, Bekaert holds a total of 38,168 shares under this liquidity agreement. As of October 2, market close, Bekaert now owns 1,850,297 own shares, representing an ownership stake of 3.41% of all outstanding shares.
Investor Relations
Bekaert remains committed to transparency with its stakeholders, providing regular updates through its investor relations sections on the official website. This reflects the company's dedication to maintaining open lines of communication and delivering value to its shareholders.
Frequently Asked Questions
What is the purpose of the liquidity agreement?
The liquidity agreement aims to enhance the trading volume and market liquidity of Bekaert shares on the Euronext Brussels platform.
Who manages the liquidity agreement for Bekaert?
Kepler Cheuvreux manages the liquidity agreement on behalf of Bekaert, executing transactions to maintain market stability.
How many shares does Bekaert own following the latest transactions?
As of October 2, Bekaert owns 1,850,297 shares, which is 3.41% of the total outstanding shares.
What were the key transactions in the recent liquidity report?
Bekaert reported the purchase of 5,400 shares and the sale of 11,600 shares during the specified period.
Where can investors find more information about Bekaert's financial activities?
Investors can access updates and detailed reports in the investor relations section of Bekaert's official website.
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