Ontex Completes Successful Share Buyback Initiative

Author: Ryan Hughes Updated: 04-11-2025 12:17 PM

Ontex's Recent Treasury Share Acquisitions

Ontex recently made a significant announcement regarding its share buyback program. In alignment with the Royal Decree executing the Belgian Code of Companies and Associations, the company shared details about its initiative to repurchase treasury shares. This action showcases Ontex's commitment to enhancing shareholder value.

Details of the Share Buy-Back Program

Launched on December 2, 2024, Ontex's share buyback program aimed to acquire up to 1.5 million shares. Just a few months after the launch, the company finalized the program, achieving its target of repurchasing all 1.5 million shares. The acquired shares will play a crucial role in fulfilling Ontex’s obligations under their current and future long-term incentive plans.

Recent Share Acquisitions

During the work week ending on April 11, 2025, Ontex repurchased a total of 118,758 shares on the regulated market of Euronext Brussels. The details of the transactions are as follows:

Date: April 7, 2025 - Shares: 28,001 - Average Price: €7.708
Date: April 8, 2025 - Shares: 18,000 - Average Price: €7.897
Date: April 9, 2025 - Shares: 38,500 - Average Price: €7.501
Date: April 10, 2025 - Shares: 34,257 - Average Price: €7.754

This strategic move shows Ontex's proactive stance in managing its equity structure while also benefiting its shareholders.

Execution and Independent Oversight

The buyback program was executed under the authorization granted by the extraordinary shareholders’ meeting held on May 5, 2023. An independent intermediary facilitated the transactions, ensuring that the decisions made during the buyback process were conducted impartially in accordance with the discretionary mandate.

The Road Ahead for Ontex

As Ontex looks ahead, the successful completion of the share buyback program is a positive indicator of the company’s financial well-being and stability. The commitment to acquiring shares demonstrates the confidence that Ontex has in its sustainable growth strategy. With a dedicated workforce of approximately 7,000 employees and operations spanning 14 countries, Ontex continues to strengthen its position in the market.

Innovation at Ontex

Being a significant player in the market, Ontex develops and produces a wide range of baby, feminine, and adult care products. These products are distributed in around 100 countries, primarily through retailers and healthcare providers. This broad distribution network highlights Ontex’s capability to meet diverse consumer needs while maintaining its innovative edge.

Enquiries and Contact Information

For any inquiries regarding this initiative, interested parties can contact:

Investors: Geoffroy Raskin at +32 53 33 37 30 or via email at investor.relations@ontexglobal.com.

Media: Catherine Weyne at +32 53 33 36 22 or reach out via email at corporate.communications@ontexglobal.com.

Frequently Asked Questions

What is the main purpose of Ontex's share buyback program?

The main purpose is to enhance shareholder value and manage equity effectively while also fulfilling commitments under incentive plans.

How many shares did Ontex repurchase during the recent program?

Ontex repurchased a total of 1.5 million shares throughout the buyback program.

Who executed the buyback program for Ontex?

An independent intermediary was tasked with executing the buyback program, ensuring impartial decision-making.

In which markets are Ontex's products distributed?

Ontex's products are distributed in approximately 100 countries through various retailers and healthcare providers.

How does Ontex plan to use the repurchased shares?

The repurchased shares will help meet Ontex’s obligations for current and future long-term incentive plans.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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