Ontex Reviews Recent Treasury Shares Acquisition Activities

Ontex Shares Buy-Back Program Overview
In a significant move, Ontex has initiated a detailed program to repurchase treasury shares, demonstrating its ongoing commitment to enhancing shareholder value. The company disclosed this information in line with legal requirements, emphasizing its proactive approach to managing its shares effectively.
Details of the Share Repurchase
During the busy week ending March 7, 2025, Ontex made notable strides by acquiring 131,276 shares on the Euronext Brussels market. The repurchases were part of the broader buy-back strategy that commenced prior, aimed at meeting various long-term incentives tied to employee performance and retention.
Share Acquisition Insights
The days leading up to the repurchase witnessed multiple transactions. For instance, on March 3rd, a total of 20,192 shares were repurchased at an average price of €8.349. The subsequent days also saw activity, with significant purchases on various dates, confirming Ontex's consistent strategy to strengthen its market presence.
Program Duration and Objectives
Initially announced on December 2, 2024, the buy-back program allows Ontex to acquire a cumulative total of 1.5 million shares over seven months, scheduled to conclude on June 30, 2025. This strategic decision was supported by the shareholders during an extraordinary meeting held back in May 2023.
Execution and Management of the Buy-Back
The execution of this program is being managed by an independent intermediary that operates under a discretionary mandate. This ensures that share purchases are made with the utmost independence, aligning with best practices in shareholder management.
Impact on Ontex's Future
Through this program, Ontex aims not only to manage its equity effectively but also to bolster confidence among investors regarding its financial health and future prospects. As the company progresses with its share repurchase activities, it focuses on balancing its commitment to shareholders with operational growth.
Investor and Media Inquiries
For any information regarding shares or company strategies, investors may reach out to:
Geoffroy Raskin at +32 53 33 37 30 or investor.relations@ontexglobal.com
Media inquiries can be directed to:
Catherine Weyne at +32 53 33 36 22 or corporate.communications@ontexglobal.com
About Ontex
Ontex is recognized as a global leader in the development and production of personal care products. The company’s extensive range includes items catering to babies, women, and adults across various markets. With a workforce of approximately 7,000, Ontex operates in 14 countries, ensuring a robust presence and distribution network globally. Their innovation is evident in products available in about 100 countries, serving both retail and healthcare sectors. Invested in quality and service, Ontex’s advancements keep the company at the forefront of the industry.
Frequently Asked Questions
What is the purpose of Ontex's treasury share buy-back program?
The program is designed to manage shares effectively and support the company’s long-term incentive plans for employees.
How many shares is Ontex planning to repurchase?
Ontex plans to repurchase up to 1.5 million shares as part of its buy-back program.
When will the share buy-back program end?
The program is scheduled to conclude by June 30, 2025.
Who manages the execution of the share buy-back?
An independent intermediary is tasked with executing the share repurchases under a discretionary mandate.
How can investors contact Ontex?
Investors can reach out via phone or email using the provided contact details for inquiries related to shares.
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