Fagron’s Share Buy-Back Program: Important Update
Fagron is making strides in its share buy-back program, which aims to enhance shareholder value through strategic repurchases of its own shares. In just a short week, the company has successfully acquired a significant number of shares, reflecting its commitment to long-term growth and stability.
Recent Share Purchases
Between the dates 26 August 2024 and 30 August 2024, Fagron completed the purchase of 37,000 shares at an average price of €18.99. This initiative amounts to a total expenditure of approximately €1,357,476.41, underscoring Fagron's proactive approach to managing its equity.
By integrating these purchases into its ongoing buy-back program, Fagron aims to fulfill obligations related to its long-term incentive schemes. Announced earlier this month, the goal of this program is to repurchase up to 150,000 shares, indicating a robust strategy to support the company’s performance and investor confidence.
Total Shares Purchased
As of now, the total number of shares repurchased stands at 71,500. This significant amount demonstrates Fagron's dedication to enhancing its stock value while balancing its commitments to various incentive plans.
Future Outlook: Financial Engagements
Looking ahead, Fagron has scheduled important financial updates, with the next trading update for Q3 2024 set for 10 October 2024. This transparency in communication ensures that investors remain informed about the company’s performance and financial health.
Publication of Results
Results and trading updates are routinely published at 7:00 AM CET, allowing stakeholders to stay up-to-date with the company’s developments. This commitment to regular reporting highlights Fagron's dedication to maintaining clear and open communication with its investors.
Understanding Fagron’s Mission
Fagron is at the forefront of pharmaceutical compounding, actively working to deliver personalized medications to healthcare facilities, including hospitals and pharmacies, across more than 30 countries. Its strategic focus on improving patient care through customized solutions sets it apart in the pharmaceutical industry.
Company Profile
Fagron NV, a prestigious Belgian entity, operates its headquarters in Nazareth and is listed on Euronext Brussels and Euronext Amsterdam under the ticker symbol ‘FAGR’. The management of operational activities is facilitated through its Dutch subsidiary, Fagron BV, located in Rotterdam. This international presence emphasizes Fagron’s significant role in the global healthcare landscape.
Frequently Asked Questions
What is the purpose of Fagron's share buy-back program?
The share buy-back program is designed to enhance shareholder value by repurchasing shares, which reflects the company's commitment to long-term growth.
How many shares has Fagron purchased in total?
As of now, Fagron has repurchased a total of 71,500 shares under its buy-back program.
When will the next financial update be published?
The next financial update is scheduled for 10 October 2024, with results released at 7:00 AM CET.
What is Fagron's area of expertise?
Fagron specializes in pharmaceutical compounding, focusing on personalized medicine for hospitals and pharmacies globally.
Where is Fagron's headquarters located?
The headquarters of Fagron NV is situated in Nazareth, Belgium, with operational management based in Rotterdam, the Netherlands.
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