Fagron's Share Buy-Back Program: Key Insights and Updates
Understanding Fagron's Recent Share Buy-Back Program
Recently, Fagron, a leading global player in pharmaceutical compounding, has been actively engaging in a share buy-back program aimed at enhancing shareholder value and supporting its long-term incentive structures within the company.
Recent Purchases and Financial Commitment
From September 2 to September 6, 2024, Fagron made significant strides by purchasing 33,500 shares at an impressive average price of €19.17 per share. This translates to a total expenditure of €642,302.02, demonstrating Fagron's commitment to returning value to its investors.
Overview of the Share Buy-Back Plan
The purpose of this share buy-back initiative, which was officially announced on August 1, 2024, is to repurchase up to 150,000 shares. These actions are strategically aligned with Fagron’s obligations to its long-term incentive plan, aimed at rewarding and motivating key employees within the organization. To date, Fagron has successfully acquired a total of 105,000 shares through this initiative.
Upcoming Financial Updates
As Fagron continues to navigate its financial landscape, it's essential for stakeholders to stay informed about upcoming reports. On October 10, 2024, Fagron is scheduled to release its trading update for the third quarter of 2024 at 7:00 AM CET. Providing timely updates ensures transparency and keeps investors in the loop regarding the company’s performance.
More About Fagron
Fagron operates globally, delivering personalized medicine solutions to hospitals, pharmacies, and clinics across over 30 countries. Based in Nazareth, Belgium, with operational management directed from Rotterdam, Netherlands, Fagron is listed on Euronext Brussels and Euronext Amsterdam under the ticker symbol 'FAGR'. The company's focus on pharmaceutical compounding highlights its commitment to tailoring healthcare solutions for individual patient needs.
Frequently Asked Questions
What is the purpose of Fagron's share buy-back program?
The share buy-back program aims to enhance shareholder value and support the company's long-term incentive plan for its employees.
How many shares has Fagron purchased so far?
As of the latest update, Fagron has purchased a total of 105,000 shares through its buy-back program.
What was the average price per share during the recent purchase period?
Fagron purchased shares at an average price of €19.17 each during the period from September 2 to September 6, 2024.
When will Fagron release its next financial update?
The next financial update from Fagron is scheduled for October 10, 2024, when they will provide a trading update for the third quarter.
What markets is Fagron listed on?
Fagron is listed on both Euronext Brussels and Euronext Amsterdam under the ticker symbol 'FAGR'.
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