Rexel's Share Trading Disclosure for Mid-August 2024
DISCLOSURE OF TRADING IN OWN SHARES
As authorized by the Shareholders' Meeting, Rexel has reported its share buyback activities in compliance with applicable laws governing share repurchases. This report covers the period from August 12 to August 16, 2024.
Summary of Share Trading Activities
Here are the key details summarizing Rexel's share transactions during this timeframe:
1. Transactions Overview
During this period, Rexel completed a series of transactions, resulting in a total buyback of 163,091 shares at an average price of €22.10617.
2. Daily Buying Details
Below are the specifics of the transactions executed by Rexel on the respective days:
- On August 12, 2024, Rexel acquired 2,040 shares at an average price of €21.96039.
- On the same day, an additional 26,100 shares were purchased at €21.92241.
- August 12 also included further purchases of 2,600 shares at €21.98692 and 22,800 shares at €21.94601.
- On August 13, 2024, the company bought 3,000 shares for €21.92833.
- The buying continued on August 14 and 15, with various transaction amounts and average prices recorded.
- On August 16, 2024, Rexel continued to acquire shares, further strengthening its shareholder base.
3. Consolidated Trading Data
The total of 163,091 shares purchased underscores Rexel's commitment to enhancing shareholder value through effective capital management. The average purchase price was carefully managed to maintain cost efficiency.
Investor Information
For those seeking more detailed reports and insights into Rexel's share buyback program, extensive information is readily available.
Investors can visit Rexel’s official website, which provides a wealth of regulated information regarding share repurchase activities. This information can be found in the relevant sections of Rexel’s site.
Contact Information
If you have further questions or wish to engage in detailed discussions about shareholder services, please reach out to Rexel through the investor relations section on their website.
Frequently Asked Questions
1. What is the purpose of the share buyback performed by Rexel?
The share buyback initiative aims to enhance shareholder value and manage capital effectively, which is part of Rexel's strategic financial management.
2. How many shares did Rexel buy back during this period?
Rexel bought back a total of 163,091 shares from August 12 to August 16, 2024.
3. What was the average purchase price of the shares bought back?
The average purchase price for the shares bought back during this period was €22.10617.
4. Where can investors find more information about Rexel's share buyback program?
Investors can access detailed reports and information regarding Rexel's share buyback program on the company's official website under the investor relations section.
5. Why do companies like Rexel engage in share buybacks?
Companies engage in share buybacks to return capital to shareholders, increase earnings per share by reducing the number of shares outstanding, and to signal confidence in their financial health.
