EVS Broadcast Equipment Shares Buyback Program Update
Overview of the Buyback Program
EVS Broadcast Equipment is pleased to share an update concerning its ongoing share buyback program initially unveiled in November. This program strives to benefit shareholders while optimizing capital allocation.
Recent Transactions in the Buyback Program
Between January 13 and January 17, a series of significant transactions occurred as part of the mentioned buyback initiative. Here’s a quick overview of these trades:
Throughout this period, a total of 18,967 shares were repurchased, averaging a price of EUR 30.3787. Specifically, on January 13, 2025, the company acquired 4,425 shares priced at EUR 30.43, followed by 4,259 shares on January 14 at EUR 30.35. The momentum continued as 3,651 shares were bought on January 15, with further acquisitions over the next few days.
Performance Summary of the Buyback Program
As of January 17, 2025, EVS has successfully purchased 127,306 shares since the launch of the buyback, totaling approximately EUR 3,880,089.17. This figure represents about 38.80% of the target of EUR 10 million as stated in the initial announcement.
Impact on Total Shares
Following these transactions, EVS now holds a total of 981,579 shares, including 776,508 shares that were already in possession before initiating the share buyback program. The company believes that the ongoing repurchases demonstrate its confidence in long-term value and commitment to enhancing shareholder value.
About EVS Broadcast Equipment
A Leader in Live Video Technology
EVS is a renowned name in the broadcasting sector, specializing in live video technology that plays a crucial role in sports, entertainment, and news media productions. With a global reach, EVS consistently delivers exciting live content to millions of viewers through innovative solutions.
As part of its ongoing growth strategy, EVS emphasizes sustainability. The company is committed to not only advancing its operations but also contributing to the broader industry standards through a thorough ESG (Environmental, Social, and Governance) strategy. With headquarters in Liège, Belgium, the organization has expanded its footprint internationally, employing over 700 experts and servicing more than 100 countries.
Investor Relations and Media Inquiries
For those seeking more information on the recent buyback actions or to discuss potential interview opportunities with EVS, please contact the company directly:
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 initiated by EVS?
The share buyback program aims to enhance shareholder value and optimize the company's capital structure.
How many shares has EVS repurchased to date?
As of the latest report, EVS has repurchased a total of 127,306 shares since the buyback program began.
What is the average price at which EVS shares are being bought back?
The average price for shares repurchased under the buyback program is EUR 30.3787.
How does EVS ensure sustainable growth?
EVS is committed to sustainable growth through its ESG strategy, reflecting its dedication to broader industry standards and responsibility.
Where can I find more information about EVS and its operations?
Additional details about EVS and its operations are available on the company’s official website and through direct inquiry to their investor relations contacts.
