EVS Broadcast Equipment Buyback Program Update and Insights
Update on EVS Broadcast Equipment's Share Buyback Program
EVS Broadcast Equipment has made significant strides with its share buyback program. This program, which was originally announced, has seen a series of transactions that contribute to the company's strategic financial approach.
Transaction Details
From mid-December, several key transactions were completed, reflecting the company's intent to bolster shareholder value. Between December 16 and December 20, several notable purchases were made, accumulating to a total of 12,518 shares acquired at an average price of EUR 30.9968. These share transactions are not just numbers; they represent a robust commitment to increasing shareholder wealth.
Weekly Breakdown of Transactions
On December 23, a significant acquisition of 5,220 shares was made at EUR 30.9995 per share, totaling EUR 161,817. Following this, on December 24, 3,000 shares were successfully bought at roughly EUR 31.0167. Notably, during subsequent days, even as no shares were acquired on December 25 and December 26, buybacks resumed with 4,298 shares on December 27 at EUR 30.9797, demonstrating the company’s flexible approach in executing their planned financial maneuvers.
Total Shares Acquired and Impact on Company
As of the end of December, the total number of shares repurchased has reached 71,985. This figure tells a compelling story about EVS's ongoing commitment to returning value to its shareholders. With a total expenditure of approximately EUR 2,177,353.17 invested in these buybacks, the company has completed about 21.77% of its announced EUR 10 million program.
Current Outstanding Shares
After these transactions, the total number of shares held by EVS amounts to 848,493. This figure includes 776,508 shares that were already held by the company prior to the launch of the buyback program. Such a significant volume illustrates the company's commitment to maintain a strong equity position while working towards enhancing shareholder confidence.
About EVS Broadcast Equipment
EVS is recognized as a leading provider of live video technology for broadcasts and media productions across the globe. With their innovation leading the charge, they ensure that live sports, entertainment, and news reach audiences worldwide. The company prioritizes sustainable growth, underscored by its comprehensive Environmental, Social, and Governance (ESG) strategy, which continues to yield favorable results and ratings from various agencies.
Headquartered in Belgium, EVS has established a broad international footprint, with offices facilitating operations in multiple regions, including Australia and Europe. Their team of over 700 members supports customers in over 100 countries, fortifying their reputation as a dependable partner in the media technology landscape.
Media Contact Information
For inquiries regarding this update or to arrange discussions, the following contacts are available:
Veerle De Wit, Chief Financial Officer
Tel: +32 4 361 7004
Email: v.dewit@evs.com
Sébastien Verlaine, Senior Brand & Corporate Communications Manager
Tel: +32 4 361 5809
Email: s.verlaine@evs.com
Frequently Asked Questions
What is the purpose of the share buyback program?
The share buyback program aims to increase shareholder value by reducing the number of outstanding shares while potentially boosting earnings per share.
How many shares has EVS acquired through the program?
To date, EVS has acquired a total of 71,985 shares under the buyback program since its launch.
What was the average price paid for shares in the recent transactions?
The average price paid for the shares acquired during the latest transactions was EUR 30.9968.
What is EVS's commitment in terms of sustainable growth?
EVS strives for sustainable growth, reflecting their dedication through an ESG strategy that emphasizes environmental, social, and governance considerations.
How can investors learn more about EVS?
Investors can find additional information by reaching out directly via the provided media contact details or exploring company updates through their investor relations pages.
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