EVS Broadcast Equipment Enhances Share Buyback Initiative
Update on Share Buyback Program at EVS Broadcast Equipment
EVS Broadcast Equipment has provided an update on its ongoing share buyback program.
Stepping into the realm of proactive corporate governance, EVS Broadcast Equipment has recently reported on its share buyback transactions that occurred over a short span of time. Between February 10 and February 14, indicative actions related to their buyback program, which was initially announced the previous year, highlight the company’s commitment to enhancing shareholder value.
Recent Transactions in Share Buyback
During this brief window, several crucial transactions were executed. The details include the acquisition of a notable number of shares at varying prices. It is a strategic move that underscores EVS's dedication not just to its operations but to its shareholders as well.
On February 11, the company successfully acquired 301 shares at an average price of EUR 33.0289. The total expenditure for this transaction reached approximately EUR 9,942, showcasing solid engagement in the market.
The subsequent day, on February 14, 267 shares were obtained at an average price of EUR 33.1000, translating into an investment of around EUR 8,838. If we look at these transactions collectively, from the beginning of the buyback initiative through February 14, EVS has procured a total of 568 shares at an average cost of EUR 33.0623, accruing substantial investment to date.
Sustained Commitment to Growth and Stability
Notably, as of February 14, 2025, the entire buyback program had seen the acquisition of 176,891 shares at an overall average price of EUR 30.6488, culminating in a total expenditure of EUR 5,421,493.22. This figure represents over half of the planned €10 million share buyback program, evidencing a robust follow-through on their initial commitments.
Following these actions, see that the total number of shares held by EVS has risen to an impressive 983,389, including shares pre-existing prior to the buyback program's initiation.
About EVS Broadcast Equipment
EVS Broadcast Equipment has established itself as a leading figure in the live video technology sector, greatly impacting broadcast and new media productions. They are recognized for their innovative technologies that assist in delivering high-quality live sports coverage, exciting entertainment, and timely news to billions globally.
Headquartered in Liège, Belgium, the company operates with a diverse global outreach, engaging teams across various continents. With over 700 employees, EVS provides sales, training, and technical support in more than 100 international markets.
Commitment to Sustainability
The company firmly believes in sustainable practices, which is evident in their ESG strategy. Their commitment not only enhances their business integrity but also aligns with the growing expectation for responsible corporate behavior in the industry.
Contact Information for Media Inquiries
For additional information regarding this share buyback program or to arrange an interview, media representatives can contact:
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 EVS share buyback program?
The share buyback program aims to enhance shareholder value and demonstrate strong corporate governance.
How many shares has EVS bought back so far?
As of February 14, 2025, EVS has repurchased a total of 176,891 shares through its buyback program.
What is the average price of shares acquired in the buyback program?
The overall average price for shares acquired in the program is EUR 30.6488.
Who can I contact for more information about EVS?
Media inquiries can be directed to Veerle De Wit or Sébastien Verlaine, using the provided contact details.
What industries does EVS serve?
EVS serves the broadcast and media industries, providing technology for live video production including sports, entertainment, and news sectors.
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