Bekaert's Share Buyback Update and Liquidity Activity Explained
Latest Developments in Bekaert's Share Buyback Program
In a significant development, Bekaert has announced the initiation of its next phase in the share buyback program following its previous communications. For this new tranche, the company is set to allocate a maximum of €25 million towards the acquisition of its own shares, with the explicit goal of cancelling any shares repurchased.
From September 4 to September 10, an impressive total of 40,000 shares were bought by Kepler Cheuvreux SA acting on behalf of Bekaert. This move underscores the company's commitment to enhancing shareholder value through strategic financial maneuvers.
Transaction Overview for the Buyback Program
During the aforementioned period, the share buyback program has facilitated multiple transactions across various markets. Notably, on the 4th of September, Bekaert demonstrated a proactive approach by purchasing shares on Euronext Brussels and other platforms. Here's a detailed breakdown:
Summary of Buyback Transactions:
- Date: September 4, 2025 - Shares Purchased: 6,000 at an average price of €38.05.
- Date: September 5, 2025 - Shares Purchased: 5,700 at an average price of €38.48.
- Date: September 8, 2025 - Shares Purchased: 5,800 at an average price of €38.45.
- Date: September 9, 2025 - Shares Purchased: 5,700 at an average price of €38.44.
- Date: September 10, 2025 - Shares Purchased: 5,500 at an average price of €38.02.
All these purchases contributed to a grand total of 40,000 shares acquired at an average price of €38.29, significantly impacting the company's overall portfolio.
Liquidity Agreement Insights
Alongside the share buyback program, Bekaert has also renewed its liquidity agreement with Kepler Cheuvreux. This agreement plays a pivotal role in maintaining the company's liquidity in the market. According to the most recent updates, a total of 2,800 shares were acquired under this agreement during the same period.
Additionally, the company has sold 2,001 shares through liquidity transactions in the same timeframe. The liquidity agreement is crucial as it ensures that Bekaert maintains sufficient liquidity while optimizing its stock's performance.
Liquidity Transaction Highlights:
- Date: September 4, 2025 - 600 shares purchased at an average price of €37.87.
- Date: September 9, 2025 - 1,400 shares purchased at an average price of €38.26.
- Date: September 10, 2025 - 800 shares purchased at an average price of €37.88.
Through these transactions, Bekaert ensures that it can efficiently manage its liquidity while actively engaging with the market.
Current Shares Held
As a result of these activities, Bekaert now holds 2,556,135 own shares, which accounts for approximately 4.85% of the total outstanding shares. This strategic positioning reflects Bekaert's commitment to returning value to its shareholders and managing its equity flexibly.
Conclusion: Proactive Management for Shareholders
Bekaert's recent share buyback updates and liquidity agreement transactions highlight the proactive measures the company is taking to reinforce its market position. By participating in share buybacks and renewing their liquidity partnerships, Bekaert is demonstrating its dedication to enhancing shareholder confidence and optimizing financial stability in an ever-evolving market environment.
Frequently Asked Questions
What is Bekaert's share buyback program?
Bekaert's share buyback program is an initiative where the company repurchases its own shares from the market with the intention of cancelling them and reducing the overall number of shares in circulation.
How much is Bekaert allocating for the buyback program?
Bekaert has allocated a maximum total consideration of up to €25 million for its latest tranche of the share buyback program.
What is the purpose of the liquidity agreement with Kepler Cheuvreux?
The liquidity agreement allows Bekaert to maintain sufficient liquidity in the market while enhancing the trading volume of its shares, providing flexibility to manage its equity effectively.
How many shares has Bekaert bought back recently?
During the recent open period, Bekaert bought back a total of 40,000 shares as part of its buyback program.
What percentage of Bekaert's shares are now held in treasury?
Currently, Bekaert holds approximately 4.85% of its total outstanding shares in treasury following these buyback activities.
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