Bekaert Announces Progress in Share Buyback and Liquidity Strategy
Update on the Share Buyback Program
Bekaert is making significant strides in its share buyback program, with a total consideration of up to €25 million. Recently, Bekaert revealed that from June 19 to June 25, 2025, Kepler Cheuvreux SA purchased 78,000 shares. This initiative is part of a broader effort to enhance shareholder value by cancelling repurchased shares, reinforcing Bekaert's commitment to its investors.
Transaction Overview
Detailed Transactions During the Period
The transactions conducted during the specified period provide insight into the activity under the buyback program:
The following summarizes the repurchase activities:
Share Purchase Breakdown
On June 19, Bekaert made notable purchases on the Euronext Brussels exchange and MTF CBOE, acquiring 9,000 shares at an average price of €33.63 and 6,000 shares at €33.62, respectively. This pattern of purchasing reflects a strategic approach to manage share circulation effectively.
On June 20, Bekaert continued with the buyback on Euronext Brussels and MTF CBOE, acquiring a total of 16,500 shares between the two platforms at an average price just below that of previous transactions—demonstrating a strategic consideration to maximise value for shareholders.
The consistent buying trend continued through June 23 and 24, culminating in a total repurchase of 78,000 shares by the end of the program, at an overall average price of €33.91. Such activities highlight Bekaert's tactical approach to maintaining a strong market presence.
Liquidity Agreement Details
Engaging with Kepler Cheuvreux for Liquidity
Simultaneously, Bekaert has renewed its liquidity agreement with Kepler Cheuvreux. During the period from June 19 to June 25, 2025, the firm purchased a total of 3,550 shares while selling 2,400 shares on Euronext Brussels. This engagement not only marks a proactive approach in managing stock liquidity but also underlines Bekaert's efforts in sustaining market stability.
Details of these transactions indicate a well-planned liquidity strategy, providing an overview of reliability and trust amidst market fluctuations. Notably, Kepler Cheuvreux's involvement showcases a partnership aimed at enhancing trading execution and liquidity.
Summary of Liquidity Transactions
On June 19, the liquidity agreement commenced with the acquisition of 1,750 shares at an average price of €33.53. The period continued with varying numbers of shares traded, demonstrating flexible strategy adjustments to market conditions.
Impact on Shareholding Structure
As of June 25, 2025, Bekaert's shareholding structure indicates that it holds a total of 2,043,318 own shares, constituting approximately 3.88% of the outstanding shares. This figure is essential for understanding Bekaert's current market position and the effectiveness of its share buyback and liquidity strategies.
Overall, Bekaert's strategic purchasing activities underline a solid commitment to enhancing shareholder value while ensuring a balanced approach to liquidity management. Such proactive measures are expected to foster investor confidence and stability in the company’s market presence.
Frequently Asked Questions
What is the objective of Bekaert's share buyback program?
The objective is to cancel repurchased shares, thereby enhancing shareholder value.
How many shares did Bekaert buy during the latest buyback period?
Bekaert bought a total of 78,000 shares in the specified period.
What was the average price for purchased shares during the buyback?
The average price for the shares purchased was €33.91.
Who is responsible for executing the liquidity agreement for Bekaert?
The liquidity agreement is conducted by Kepler Cheuvreux on behalf of Bekaert.
What percentage of total shares does Bekaert currently hold?
Bekaert currently holds approximately 3.88% of the total outstanding shares.
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