Bekaert's Ongoing Commitment: Share Buyback and Liquidity Agreements
Updates on Bekaert's Share Buyback Program
Bekaert is actively implementing its share buyback program, which aims to bolster shareholder value through the planned cancellation of repurchased shares. This initiative highlights the company's commitment to sustaining investor confidence and maintaining a robust liquidity profile.
First Tranche Overview
In a recent announcement, Bekaert disclosed that from November 28 to December 4, the company executed the purchase of a total of 93,569 shares. This represents a significant step in the initial phase of the buyback program, signaling the management's proactive stance towards capital management.
Detailed Transaction Report
Below is a summary of the shares repurchased by Bekaert during this time period:
| Date | Market | Number of Shares | Average Price Paid (€) | Highest Price Paid (€) | Lowest Price Paid (€) | Total Amount (€) |
|---|---|---|---|---|---|---|
| 28 November 2024 | Euronext Brussels | 9,870 | 33.09 | 33.50 | 32.78 | 326,598 |
| 29 November 2024 | Euronext Brussels | 10,325 | 32.71 | 33.00 | 32.52 | 337,731 |
| 2 December 2024 | Euronext Brussels | 10,566 | 32.69 | 32.88 | 32.54 | 345,403 |
| 4 December 2024 | Euronext Brussels | 11,589 | 33.34 | 33.56 | 33.02 | 204,941 |
| Total | 93,569 | 31.01 | 33.56 | 32.50 | 2,901,548 |
Insights on Liquidity Agreement
As part of its updated liquidity agreement with Kepler Cheuvreux, Bekaert has initiated activities aimed at enhancing its market stability. This liquidity agreement underscores Bekaert's continued effort to provide liquidity support and manage share transactions more efficiently.
Liquidity Transactions
During the same period, the company engaged in various transactions under this liquidity agreement:
| Date | Number of Shares Bought | Average Price (€) | Total Amount (€) |
|---|---|---|---|
| 28 November 2024 | 1,400 | 33.02 | 46,228 |
| 29 November 2024 | 1,000 | 32.62 | 32,620 |
| 2 December 2024 | 1,000 | 32.70 | 32,700 |
| 4 December 2024 | 200 | 33.26 | 6,652 |
| Total | 3,600 | 118,200 |
Current Holdings
At the conclusion of this reporting period, Bekaert holds a total of 2,017,986 of its own shares, accounting for approximately 3.72% of the overall shares outstanding. This strategic positioning illustrates the firm’s ongoing dedication to actively managing its shareholding structure and enhancing shareholder value through deliberate buyback programs.
Looking Ahead
Bekaert's management remains committed to transparency and prudent financial practices, ensuring that stakeholders are kept informed of progress and outcomes related to equity management. The company will continue to monitor market conditions and adjust its strategies for optimizing liquidity and shareholder returns.
Frequently Asked Questions
What is the purpose of Bekaert's share buyback program?
The share buyback program is designed to enhance shareholder value by repurchasing shares with the intention of canceling them, thereby reducing the overall share count.
How many shares did Bekaert buy during the reported period?
Bekaert bought a total of 93,569 shares from November 28 to December 4, 2024, as part of its buyback initiatives.
What categories of transactions fall under Bekaert's liquidity agreement?
The liquidity agreement covers both the purchase and sale of shares to provide better market stability and liquidity.
What is the total number of shares held by Bekaert at the end of the period?
At the end of the reporting period, Bekaert held 2,017,986 of its own shares, representing about 3.72% of the total outstanding shares.
How does Bekaert's liquidity agreement impact its market presence?
The liquidity agreement allows Bekaert to manage share transactions more effectively, enhancing market confidence and supporting stable share prices.
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