Aalberts Share Buyback Program Sees Significant Activity
Overview of Aalberts' Share Buyback Program
Aalberts has made headlines by recently completing a substantial number of share repurchases as part of its ongoing buyback initiative. This program is designed to enhance shareholder value and reflect the company's commitment to returning funds to its investors.
Recent Repurchase Activity
From March 10 to March 14, a total of 144,030 shares were repurchased, amounting to EUR 4,901,346. This indicates an average share price of EUR 34.03. The initiative is a key part of a broader buyback program initiated on February 27, with a planned total investment of EUR 75 million.
History of the Buyback Program
Launched on February 28, this program underscores Aalberts’ strategy to maintain a strong capital structure while providing returns to its shareholders. The buyback will conclude by October 24, and the repurchased shares are expected to be cancelled following their acquisition.
Cumulative Impact of the Buyback
As of the last report, Aalberts has cumulatively repurchased 274,192 shares for an overall consideration of EUR 9,182,170. This strategic move is indicative of the company's confidence in its operational performance and future growth prospects.
Engagement of Market Intermediary
To execute this buyback, Aalberts has partnered with an intermediary to purchase shares on the open market, ensuring that the process is conducted independently and transparently. This engagement complies with the Market Abuse Regulation 596/2014 and follows all prescribed safe harbor parameters.
Adherence to Regulatory Requirements
The buyback initiative will proceed within the limitations set forth by the authorities granted at the most recent Annual General Meeting (AGM). Moreover, it aligns with the technical standards required under European regulations, ensuring that all operations maintain full compliance.
Future Outlook
Aalberts is committed to communicating its progress transparently with its shareholders. The company promises regular updates on the buyback program and its potential impacts on share valuation.
Contact Information
For more detailed inquiries or information about the share buyback program, interested parties can reach out through the following contact:
Contact:
+31 (0)30 3079 302 (from 8:00 am CET)
investors@aalberts.com
Frequently Asked Questions
What is the purpose of Aalberts' share buyback program?
The share buyback program aims to enhance shareholder value by repurchasing shares and reducing the number of outstanding shares in the market.
How many shares were repurchased during the latest period?
Aalberts repurchased 144,030 shares from March 10 to March 14 as part of its share buyback initiative.
What is the total budget for the buyback program?
The total allocation for the buyback program is EUR 75 million, indicating Aalberts' commitment to returning value to its shareholders.
What regulatory framework governs the buyback activities?
The buyback program operates within the guidelines established by the Market Abuse Regulation 596/2014 and adheres to safe harbor parameters from the European Commission.
Who can I contact for more information on the share buyback?
For additional inquiries, individuals can contact Aalberts at +31 (0)30 3079 302 or via email at investors@aalberts.com.
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