EXOR N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Exor N.V. (AMS: EXO) (“Exor” or the “Company”) has released an update regarding the second tranche of its share buyback program, which is valued at up to €125 million. This initiative was first announced in August 2024. As part of this program, the Company has conducted various transactions on Euronext Amsterdam, CBOE DXE, Turquoise Europe, and Aquis Exchange Europe.
Transactions Completed on Euronext Amsterdam
Here’s a summary of the share acquisition transactions that were 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 were completed:
- 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
Here’s a summary of the share purchases made 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
This is a summary of the 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
With these transactions, Exor has invested around €14 million in this second tranche, resulting in a total acquisition of 152,000 ordinary shares. As of now, the Company holds a total of 6,276,471 ordinary shares in treasury, which accounts for 2.84% of the total ordinary issued share capital. This reflects Exor’s proactive strategy to manage its shares and enhance value for its stakeholders.
Frequently Asked Questions
1. What is the purpose of the share buyback program by Exor N.V.?
The share buyback program aims to boost shareholder value by decreasing the number of shares in circulation, which can improve earnings per share and potentially raise the stock price.
2. How much has Exor N.V. invested in the recent share buybacks?
Exor N.V. has invested approximately €14 million in 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?
For detailed information about the transactions, you can visit Exor's corporate website and check their investor relations section.
4. What is the significance of holding shares in treasury?
Holding shares in treasury enables a company to manage its capital structure effectively, enhance financial flexibility, and may provide opportunities for future expansions or acquisitions.
5. How does a buyback influence a company's stock performance?
Share buybacks can positively impact stock prices by signaling to the market that the company believes its shares are undervalued and by reducing the number of shares available, which can increase demand.