Aalberts Shares Buyback Program: Key Updates & Insights
Aalberts' Share Buyback Program Overview
Aalberts is making notable strides in its share buyback program. Recently, the company announced that it has successfully repurchased 2,500 of its shares. This activity started from early June and represents an investment of EUR 77,778.34, resulting in an impressive average share price of EUR 31.11 per share.
Details of the Buyback Program
This repurchase is part of a wider initiative announced earlier in the year, specifically on February 27, for a total budget of EUR 75 million. Sharing the commitment to shareholders, Aalberts initiated the buyback process on February 28 and plans to conclude it by late October of the same year. The intention with these repurchased shares is clear—they will be cancelled, enhancing shareholder value.
Cumulative Shares Repurchased
As of June 6, a remarkable total of 1,840,369 shares have been repurchased under this buyback program, cumulating to a spend of EUR 54,909,938. This significant commitment by Aalberts underscores its confidence in its long-term strategy and financial stability.
Execution and Regulatory Compliance
To facilitate the share repurchase, Aalberts has engaged a reliable intermediary responsible for executing these trades in the open market. This approach ensures that the transactions are handled independently, adhering to established market norms, and provides transparency regarding the program's operations.
Compliance with Market Regulations
The share buyback program is being carried out within the framework authorized by the Annual General Meeting held on May 23, 2024. Furthermore, it adheres to regulations laid out by the Market Abuse Regulation 596/2014 and complies with the safe harbor provisions specified by the Commission Delegated Regulation 2016/1052, ensuring a robust and legally sound execution of the repurchase strategy.
Contact Details and Further Information
For shareholders and interested parties looking to stay informed on the progress of this buyback initiative, Aalberts encourages inquiry via their official contacts. The investor relations team is readily available to provide updates and answer any questions regarding the buyback program.
Contact:
+31 (0)30 3079 302 (available from 8:00 am CEST)
Email: investors@aalberts.com
Frequently Asked Questions
What is Aalberts' share buyback program?
Aalberts' share buyback program involves the repurchase of its own shares to enhance shareholder value and demonstrate confidence in its own business.
How many shares has Aalberts repurchased?
As of June 6, Aalberts has repurchased a total of 1,840,369 shares since the program began.
What is the total budget for this buyback program?
The total budget allocated for the share buyback program is EUR 75 million.
When is the buyback program expected to conclude?
The program is set to conclude no later than October 24, 2025.
How can I get more information about the buyback program?
Investors can contact Aalberts directly through their investor relations email or phone for more details on the buyback program.
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