Velcan Holdings: Share Buyback Program Update
Luxembourg, August 2024
SHARES REPURCHASE PROGRAMME
This program was authorized during the shareholders' meeting on June 29, 2021, and was put into action following the Board of Directors' decision on January 2, 2024.
DISCLOSURE OF PURCHASES
EFFECTED FROM JULY 12 TO AUGUST 16, 2024
Market: Euro MTF, Luxembourg
Type of shares: ordinary shares ISIN FR0010245803
Recent Transactions
Below are the transactions that took place as part of the share buyback program:
- Trading Date: 05/08/2024
- Number of Shares Purchased: 5,495
- Purchase Price per Share: €14.12
- Total Amount of Purchases: €77,650.50
- Purpose: Cancellation or coverage of free shares
- Market: Euro MTF Luxembourg
- Trading Date: 07/08/2024
- Number of Shares Purchased: 200
- Purchase Price per Share: €14.00
- Total Amount of Purchases: €2,800
- Purpose: Cancellation or coverage of free shares
- Market: Euro MTF Luxembourg
For more detailed information about the repurchase program, dated January 15, 2024, please visit Velcan Holdings' official website.
Regulatory information can be found at www.velcan.lu
If you have any questions regarding investor relations, feel free to reach out to investor@velcan.lu.
Frequently Asked Questions
1. What is the share buyback program of Velcan Holdings?
The share buyback program enables Velcan Holdings to repurchase its own shares from the market, which can enhance shareholder value by decreasing the number of shares outstanding.
2. Why was the share buyback program authorized?
This program was authorized during the shareholders' meeting to bolster the company’s financial strategy and improve returns for shareholders.
3. When was the recent share buyback program implemented?
The recent share buyback program was initiated following a decision made by the Board of Directors on January 2, 2024.
4. How many shares were repurchased recently?
In the recent transactions, a total of 5,695 shares were repurchased between July 12 and August 16, 2024.
5. How can investors get more information about Velcan Holdings?
Investors can visit the official website or contact the investor relations team via the provided email for additional details regarding share transactions and financial information.