Bekaert's Strategic Advances: Share Buyback Program Insights
Bekaert's Progress in Share Buyback Initiatives
Today, Bekaert proudly announces the successful completion of the third tranche of its ambitious €200 million share buyback program. This process reflects the company’s ongoing commitment to enhancing shareholder value. From the start of this tranche on May 16, 2025, to the closing on July 23, 2025, a total of 707,044 ordinary shares were repurchased at an aggregate cost of €25 million.
Details of Recent Transactions
In the specific period from July 17 to July 23, 2025, Kepler Cheuvreux SA, acting on behalf of Bekaert, successfully acquired 82,731 shares through several transactions. This robust activity highlights the company's strategic market maneuvers aimed at stabilizing and enhancing its share value.
Transaction Overview Under the Buyback Program
The following is a summary of the most notable transactions carried out within the specified timeframe:
Transaction Summaries
The table outlines critical dates, the number of shares acquired, average prices, and total amounts spent for transactions conducted on Euronext Brussels and other markets. Notably, on July 17, 2025, Bekaert made a diligent purchase of 10,031 shares at an average price of €37.23. This transaction alone totaled €373,454.
July 18, 2025, further showcased Bekaert's market activity with the acquisition of another 10,355 shares at an average of €37.26, amassing almost €385,827. Such frequent transactions indicate a commitment to utilizing market conditions favorably.
Final Totals and Market Impact
At the end of the program and as of July 23, 2025, Bekaert successfully collected a total of 82,731 shares, averaging €37.55 per share. The total investment ascended to over €3.1 million, illustrating Bekaert's proactive approach in executing its buyback strategy.
Liquidity Agreement Updates
In relation to bolstered liquidity measures, Bekaert has reaffirmed its ongoing relationship with Kepler Cheuvreux, previously outlined in a disclosure on June 25, 2024. Kepler Cheuvreux has recently engaged in active trading under the liquidity agreement where, during the same July period, the company bought a total of 2,000 shares and sold 4,800 shares.
Liquidity Transactions Overview
Within the days mentioned, the trading activity under the liquidity agreement has illustrated Bekaert's moves to maintain adequate liquidity amidst fluctuating market conditions. The trades were characterized by precision, reflecting the underlying strategy aimed at safeguarding the company's financial health.
Conclusion and Future Outlook
As of July 23, 2025, Bekaert holds 2,328,071 own shares, corresponding to approximately 4.42% of the total outstanding shares. Such strategic initiatives not only reinforce shareholder confidence but also position Bekaert favorably in future market engagements. Continuous monitoring of market dynamics will allow Bekaert to adjust its strategy accordingly and capitalize on growth opportunities.
Directions for Investors
Bekaert remains committed to transparency with shareholders. All updates surrounding share buybacks, liquidity agreements, and overall market strategy can be found in the investor relations section of Bekaert's website, which is continually updated to provide stakeholders with current information.
Frequently Asked Questions
What is the purpose of Bekaert's share buyback program?
The share buyback program aims to enhance shareholder value and stabilize share prices by reducing the number of shares in circulation.
How many shares has Bekaert repurchased in the latest tranche?
Bekaert repurchased a total of 707,044 ordinary shares in the latest tranche of the buyback program.
Who manages Bekaert's liquidity agreement?
Kepler Cheuvreux manages Bekaert's liquidity agreement, facilitating trades to ensure good market liquidity.
What indicators show the success of the buyback program?
Total shares repurchased, average purchase price, and the investment amounts provide key indicators of the program's success and effectiveness.
Where can I find more information about Bekaert's investment strategies?
Additional information regarding Bekaert’s investment strategies can be found on their official investor relations page.
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