Bekaert’s Ongoing Strategy for Improved Liquidity Management
Update on Bekaert's Liquidity Management
As part of its commitment to maintaining liquidity, Bekaert continues to evolve its strategies in collaboration with Kepler Cheuvreux. The focus of this partnership is to ensure effective share transactions, which ultimately supports the company's operational flexibility and growth ambitions.
Recent Transactions Overview
In a recent announcement concerning the period from late August to early September, Bekaert reported several transactions executed on Euronext Brussels. A total of 5,400 shares were acquired by Kepler Cheuvreux on behalf of Bekaert, while 6,838 shares were sold during the same timeframe.
Details of Share Purchases
Transaction details highlight that on September 2, 2024, Bekaert purchased 1,800 shares at an average price of €37.15, totaling approximately €66,870. This strategic purchase aligns with Bekaert's goal to leverage market conditions and enhance liquidity.
Details of Share Sales
Conversely, share sales during the same period amounted to 6,838 shares, with the most significant sale occurring on August 30, 2024, where 3,777 shares were sold at an average price of €37.33, translating into a total of around €140,995. These transactions are part of an ongoing strategy to optimally manage investments and funding through active market engagement.
Current Share Status
As of September 4, 2024, Bekaert retains a balance of 40,718 shares under the liquidity agreement. This indicates a robust position, enhancing the company's capacity to respond to market fluctuations. Overall, Bekaert holds 1,852,847 shares, which represents approximately 3.41% of the total outstanding shares.
Commitment to Shareholder Transparency
Bekaert is dedicated to transparency and sharing relevant information with its shareholders. Details regarding the liquidity agreement and share management strategies can be found on their investor relations webpage. This commitment underscores Bekaert's responsibility towards its shareholders while fostering trust and clarity in its financial practices.
Frequently Asked Questions
What is the purpose of the liquidity agreement with Kepler Cheuvreux?
The liquidity agreement aims to enhance Bekaert's share trading stability and optimize liquidity in the market, allowing for better operational flexibility.
How many shares did Bekaert buy during the last reported period?
In the latest report, Bekaert bought a total of 5,400 shares through Kepler Cheuvreux.
What are the average selling prices of shares during this period?
The average selling prices ranged, with significant sales on August 30, 2024, at €37.33 per share.
What was Bekaert's overall share count at the end of the reporting period?
At the end of the reporting period, Bekaert held a total of 1,852,847 own shares.
How does Bekaert ensure transparency with its shareholders?
Bekaert maintains transparency by regularly updating shareholders through detailed reports available on its investor relations pages.
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