Ontex's Strategic Acquisition of Treasury Shares
Ontex is enhancing its commitment to growth and shareholder value through a systematic buyback program for treasury shares. This program was initiated to reinforce its long-term incentive plans and demonstrate confidence in the company's future performance.
Recent Developments in Share Repurchases
As part of its ongoing strategy, Ontex announced the buyback of 112,560 shares from the regulated market of Euronext Brussels during the week ending March 28, 2025. This decision reflects Ontex's intention to utilize acquired shares in support of its employee compensation frameworks and long-term objectives.
Details of Share Repurchases
During the week in question, the repurchases included transactions on specific dates, highlighting a steady commitment to returning value to shareholders. For example, the company repurchased:
- 33,605 shares at an average price of €8.656 on March 24, 2025.
- 21,452 shares at an average price of €8.600 on March 25, 2025.
- 30,503 shares at an average price of €8.596 on March 26, 2025.
- 15,000 shares at an average price of €8.602 on March 27, 2025.
- 12,000 shares at an average price of €8.633 on March 28, 2025.
These share repurchases are vital in ensuring Ontex meets its obligations under current and future long-term incentive plans.
Long-Term Incentives and Future Plans
Ontex's buyback initiative began on December 2, 2024, with an aim to acquire a maximum of 1.5 million shares over a seven-month period ending June 30, 2025. This buyback aligns with the authorization granted at the extraordinary shareholders' meeting held on May 5, 2023.
The execution of this buyback program is managed by an independent intermediary tasked with making purchasing decisions autonomously to maximize the benefits to shareholders.
About Ontex and Market Presence
Ontex is more than just a company engaged in share buybacks. It is a leading international developer and producer of essential care products for babies, women, and adults. With innovative products distributed in around 100 countries, Ontex is committed to maintaining high-quality standards and meeting the diverse needs of customers.
The company employs approximately 7,000 people across 14 countries, with its headquarters situated in Aalst, Belgium. Ontex is also publicly listed on Euronext Brussels (Brussels: ONTEX), allowing investors to share in its journey towards sustained growth and success.
As Ontex continues to implement its buyback program and expand its operations, it remains focused on enhancing shareholder value while fulfilling its commitments to employee compensation. Interested parties can learn more about the latest developments by visiting the official website of Ontex or following the company’s updates on professional networks.
Frequently Asked Questions
What is the purpose of Ontex's treasury share buyback program?
The program aims to acquire shares that will support the company's long-term incentive plans, enhancing shareholder value.
How many shares is Ontex looking to repurchase?
Ontex initiated a buyback program for a maximum of 1.5 million shares.
When did Ontex start its treasury share buyback?
The treasury share buyback program began on December 2, 2024.
Which stock exchange is Ontex listed on?
Ontex is listed on Euronext Brussels with the ticker symbol ONTEX.
Who can I contact for investor relations at Ontex?
For investor-related inquiries, you can contact Geoffroy Raskin at +32 53 33 37 30 or through email at investor.relations@ontexglobal.com.
