EVS Broadcast Equipment's Share Buyback Program Update Revealed
EVS Broadcast Equipment's Share Buyback Program Update
EVS Broadcast Equipment has published a critical update regarding its ongoing share buyback program.
The company has recently shared details about transactions executed under the share buyback initiative originally announced in November 2024. These transactions occurred during the week of March 10 to March 14, 2025, showcasing the commitment of EVS to enhance shareholder value.
Summary of Transactions
From March 10 to 14, 2025, a series of share acquisitions took place, resulting in a substantial number of shares being repurchased by EVS Broadcast Equipment. The following outlines the highlights from this period:
On March 10, 2025, the company acquired 7,811 shares at an average price of EUR 37.3065. The transactions continued with 7,956 shares on March 11 at EUR 37.3404, and 6,157 shares on March 12 at EUR 37.6149. Following this, on March 13, an additional 7,974 shares were bought at EUR 37.7151. Finally, on March 14, EVS secured 4,000 shares at EUR 37.5876.
In total, the company acquired 33,898 shares over the specified period, with an average acquisition price near EUR 37.50. This increased the total number of shares owned by EVS to 940,110 as of March 14, 2025.
Progress on Buyback Program
This successful buyback initiative represents about 81.35% of the planned program, which comprises a total of up to EUR 10 million. Since beginning this program, which reflects the firm’s dedication to maximizing shareholder returns, EVS has acquired a total of 250,658 shares, amounting to approximately EUR 8.13 million at an average price of EUR 32.4546 per share.
With these strategic moves, the company aims to optimize its capital structure while reinforcing investor confidence in its market strategy. EVS remains steadfast in its efforts to create meaningful value for its shareholders.
About EVS Broadcast Equipment
EVS is a well-respected name in the broadcast industry, known for its live video technology that supports broadcasting and media productions globally. Their technique spans the complete production process, enabling production teams to deliver compelling live sports, entertainment, and news coverage to millions of viewers in real-time.
With a firm commitment to sustainability and innovation, EVS has solidified its presence worldwide, with offices in various regions including Europe, Asia, and the Americas. Employing over 700 professionals, the company is dedicated to providing exceptional sales, training, and support across more than 100 countries. As a publicly traded company under the ticker symbol EVS on Euronext Brussels, it continuously demonstrates its leadership in adopting cutting-edge technologies and practices within the broadcasting landscape.
Media Contact Information
For Press Inquiries
For additional information about this update or to arrange an interview with EVS, please contact:
Veerle De Wit – Chief Financial Officer
Tel: +32 4 361 7004 – Email: v.dewit@evs.com
For Corporate Communications
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 is intended to enhance shareholder value by reducing the number of outstanding shares, thereby potentially increasing earnings per share and overall market value.
How many shares have been bought back so far?
As of March 14, 2025, EVS has repurchased a total of 250,658 shares since the buyback program commenced.
What is the total expenditure of the buyback program?
The total expenditure on the buyback program thus far amounts to approximately EUR 8.13 million.
When was the buyback program announced?
The buyback program was initially announced in November 2024.
Where can I find more information about EVS?
You can find additional information about EVS and its operations on its official website.
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