Exor N.V. Updates on Share Buyback Program Activities
![Exor N.V. Updates on Share Buyback Program Activities](https://investorshangout.com/images/blog/investors-hangout-newswire.jpg)
EXOR N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Exor N.V. (AMS: EXO) (“Exor” or the “Company”) has shared an update on the second tranche of the share buyback program, which is valued at up to €125 million. This program was originally announced earlier in August 2024. Under this initiative, the Company executed several transactions on Euronext Amsterdam, CBOE DXE, Turquoise Europe, and Aquis Exchange Europe.
Transactions Completed on Euronext Amsterdam
Below is a summary of the share acquisition transactions completed on Euronext Amsterdam:
Trading Date: 12 August 2024
- Number of ordinary shares purchased: 18,121
- Average price per share excluding fees: €91.72
- Total consideration excluding fees: €1,662,001.94
Trading Date: 13 August 2024
- Number of ordinary shares purchased: 20,842
- Average price per share excluding fees: €92.02
- Total consideration excluding fees: €1,917,834.99
Trading Date: 14 August 2024
- Number of ordinary shares purchased: 22,081
- Average price per share excluding fees: €93.48
- Total consideration excluding fees: €2,064,193.71
Trading Date: 15 August 2024
- Number of ordinary shares purchased: 18,523
- Average price per share excluding fees: €94.75
- Total consideration excluding fees: €1,755,052.40
Trading Date: 16 August 2024
- Number of ordinary shares purchased: 16,169
- Average price per share excluding fees: €95.87
- Total consideration excluding fees: €1,550,091.31
TOTAL
- Total number of ordinary shares purchased on Euronext Amsterdam: 95,736
- Total consideration excluding fees: €8,949,174.35
Transactions on Other Exchanges
CBOE DXE
On CBOE DXE, the following transactions took place:
- 12 August 2024: 14,266 shares at €91.72 for a total of €1,308,457.55
- 13 August 2024: 8,095 shares at €91.85 for a total of €743,507.13
- 14 August 2024: 6,608 shares at €93.49 for a total of €617,795.14
- 15 August 2024: 8,393 shares at €94.59 for a total of €793,926.60
- 16 August 2024: 7,791 shares at €95.92 for a total of €747,300.25
TOTAL for CBOE DXE: 45,153 shares with a total consideration of €4,210,986.67
TURQUOISE EUROPE
Summary of share purchases on Turquoise Europe:
- 12 August 2024: 1,653 shares at €91.73 for a total of €151,626.88
- 13 August 2024: 636 shares at €91.90 for a total of €58,445.47
- 14 August 2024: 704 shares at €93.23 for a total of €65,635.47
- 15 August 2024: 610 shares at €94.29 for a total of €57,515.99
- 16 August 2024: 684 shares at €95.72 for a total of €65,472.82
TOTAL for Turquoise Europe: 4,287 shares with a total consideration of €398,696.63
AQUIS EXCHANGE EUROPE
Here’s the summary of acquisitions on Aquis Exchange Europe:
- 12 August 2024: 1,960 shares at €91.74 for a total of €179,810.20
- 13 August 2024: 1,427 shares at €92.01 for a total of €131,295.27
- 14 August 2024: 607 shares at €93.29 for a total of €56,630.00
- 15 August 2024: 1,474 shares at €94.44 for a total of €139,200.73
- 16 August 2024: 1,356 shares at €95.88 for a total of €130,008.40
TOTAL for Aquis Exchange Europe: 6,824 shares with a total consideration of €636,944.61
Summary of the Buyback Program
Following these transactions, a total amount of approximately €14 million has been invested in this second tranche, resulting in a cumulative purchase of 152,000 ordinary shares. As of the recent date, the Company holds a total of 6,276,471 ordinary shares in treasury, representing 2.84% of the total ordinary issued share capital. This indicates a proactive approach by Exor to manage its shares, enhancing share value for stakeholders.
Frequently Asked Questions
1. What is the purpose of the share buyback program by Exor N.V.?
The share buyback program is designed to increase shareholder value by reducing the number of shares outstanding, which can enhance earnings per share and potentially increase the stock price.
2. How much has Exor N.V. invested in the recent share buybacks?
Exor N.V. has invested approximately €14 million under the second tranche of the share buyback program, acquiring a total of 152,000 ordinary shares.
3. Where can I find more details about the transactions completed in the buyback program?
Detailed information regarding the transactions is available on Exor's corporate website under their investor relations section.
4. What is the significance of holding shares in treasury?
Holding shares in treasury allows a company to manage its capital structure, enhance financial flexibility, and may provide options for future expansions or acquisitions.
5. How does a buyback influence a company's stock performance?
Share buybacks can lead to an increase in the stock price by signaling to the market that the company believes its shares are undervalued and by reducing the supply of shares available in the market, which could increase demand.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/