Exor N.V. Provides Update on Share Buyback Program
Exor N.V. (AMS: EXO) is pleased to announce the latest developments in our ongoing share buyback program. Launched on August 12, this initiative aims to repurchase up to €125 million in ordinary shares. Recently, we have completed multiple transactions across various exchanges, underscoring our dedication to enhancing shareholder value.
Overview of Transactions on Euronext Amsterdam
Here are the details of our share purchases executed on Euronext Amsterdam:
Details of Transactions
On August 26, 2024, we purchased 14,499 shares at an average price of €98.90, resulting in a total expenditure of approximately €1,433,956.90. The following days saw continued activity as we acquired:
- 11,277 shares on August 27 at €99.16, totaling €1,118,212.66.
- 12,480 shares on August 28 at €99.45, amounting to €1,241,097.31.
- 10,693 shares on August 29 at an average price of €100.24, which equates to €1,071,846.00.
- Finally, on August 30, we bought 9,571 shares at €101.08, resulting in a total of €967,413.71.
In total, we acquired 58,520 ordinary shares from Euronext Amsterdam for around €5,832,526.58.
Transactions on CBOE DXE and Other Platforms
We also executed transactions on CBOE DXE, Turquoise Europe, and Aquis Exchange Europe. Here’s a brief overview of our activities on these platforms:
Purchases on CBOE DXE
Our purchases on CBOE DXE included:
- 3,088 shares on August 26 at €98.83, totaling €305,196.61.
- 5,738 shares on August 27 at €99.12, amounting to €568,778.10.
- 5,851 shares on August 28 at €99.43, which cost €581,787.16.
- 3,659 shares on August 29 at €100.30 for a total of €367,009.77.
- On August 30, we purchased 2,775 shares at €100.98, resulting in €280,212.56.
In total, we acquired 21,111 shares from CBOE DXE for a total expenditure of €2,102,984.22.
Updates from Turquoise Europe and Aquis Exchange
Our progress on Turquoise Europe included the following purchases:
- 873 shares on August 26 at €98.83, amounting to €86,276.41.
- 794 shares on August 27 at €99.05, costing €78,642.76.
- 775 shares on August 28 at €99.31 for a total of €76,965.02.
- 750 shares on August 29 at €99.95, amounting to €74,959.13.
- Lastly, on August 30, we purchased 576 shares at €101.03 for €58,195.53.
The total for Turquoise Europe reached 3,768 shares for approximately €375,038.84.
On Aquis Exchange Europe, we also acquired:
- 1,540 shares on August 26 at €99.20, totaling €152,766.77.
- 1,348 shares on August 27 at €99.20 for €133,715.13.
- 894 shares on August 28 at €99.31, amounting to €88,781.89.
- 898 shares on August 29 at €100.27, costing €90,040.22.
- Finally, 1,478 shares on August 30 at €100.98 for a total of €149,255.24.
This resulted in a total of 6,158 shares from Aquis Exchange Europe for approximately €614,559.24.
Summary of Investments and Treasury Shares
In summary, we have invested nearly €36 million during this second tranche, acquiring a total of 369,557 ordinary shares. As of our latest report, Exor holds 6,494,028 ordinary shares in treasury, representing about 2.94% of our total issued share capital.
Final Thoughts
We are committed to enhancing shareholder value through this buyback program, which reflects our confidence in the company's future performance. For a comprehensive report detailing all transactions related to this buyback initiative, please visit Exor’s corporate website.
Frequently Asked Questions
What is the purpose of the buyback program?
The buyback program aims to return value to shareholders by reducing the number of ordinary shares available, thereby increasing the ownership percentage for existing shareholders.
How much has Exor spent on the buyback program so far?
Exor has invested approximately €36 million in the buyback program to date.
What percentage of the total issued share capital does the treasury stock represent?
The treasury shares held by Exor account for about 2.94% of the total issued share capital.
On which exchanges did Exor conduct its buyback transactions?
Exor executed buyback transactions on Euronext Amsterdam, CBOE DXE, Turquoise Europe, and Aquis Exchange Europe.
Where can I find more information about the transactions?
A detailed overview of all transactions is available on Exor’s corporate website in the share buyback section.
