Bekaert Shares Activity Under New Liquidity Agreement
Update on Bekaert's Liquidity Agreement
The latest update on Bekaert's liquidity agreement highlights significant activities in share transactions. This report reflects the details of share purchases and sales executed through the renewed agreement with Kepler Cheuvreux during a specific observation period.
Period of Activity
Analyzing the activities from 31 October 2024 to 6 November 2024, Bekaert saw considerable movements with 7,600 shares purchased and 5,904 shares sold on Euronext Brussels. These transactions indicate robust engagement in the market.
Transactions Overview
During this period, Kepler Cheuvreux facilitated the transactions on behalf of Bekaert. The key details of the transactions are summarized as follows:
Purchases of Shares
The purchase pattern showed a diverse approach, with transactions spread across several days:
- 31 October 2024: Acquired 2,100 shares at an average price of €33.29.
- 1 November 2024: Purchased 414 shares with an average price of €33.36.
- 4 November 2024: A total of 1,386 shares were acquired at €33.18.
- 5 November 2024: No purchases on this day.
- 6 November 2024: 3,700 shares purchased at €33.06.
Sales of Shares
In terms of sales, the following details were noted:
- 31 October 2024: Sold 2,122 shares at an average price of €33.48.
- 1 November 2024: 578 shares sold for an average of €33.45.
- 4 November 2024: Sold 600 shares at €33.45.
- 5 November 2024: No shares were sold on this day.
- 6 November 2024: 2,604 shares sold at €33.75.
Total Activity Summary
During the observed period, a total of 7,600 shares were purchased, with a total transaction value of €252,030 and 5,904 shares sold totaling €198,334. This demonstrates Bekaert's proactive market strategy.
Current Shareholding Status
As of 6 November 2024, Bekaert retains 52,034 shares under the liquidity agreement. In addition, the total number of own shares held reached 1,864,163, equating to 3.43% of the total outstanding shares. This position is important for stakeholders to understand the company's market presence.
Liquidity Agreement Impact
The liquidity agreement plays a crucial role in Bekaert's strategy to enhance its market engagement. Regular updates ensure investors are well informed of the company’s activities and its standing within the market.
Frequently Asked Questions
What is a liquidity agreement?
A liquidity agreement is an arrangement with a financial institution to ensure a company’s shares maintain consistent trading volume, thereby enhancing market liquidity.
Who manages the liquidity agreement for Bekaert?
Bekaert has engaged Kepler Cheuvreux as the entity managing its liquidity agreement, facilitating share transactions in the market.
How many shares has Bekaert acquired recently?
Bekaert has acquired a total of 7,600 shares during the stipulated period from 31 October to 6 November 2024.
What percentage of shares does Bekaert hold of its total shares?
As of 6 November 2024, Bekaert holds 3.43% of the total number of its outstanding shares.
Why is the liquidity agreement important for investors?
The liquidity agreement helps ensure that shares remain actively traded, which can be crucial for investors looking for stable investment opportunities in the company.
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