Velcan Holdings Announces Weekly Update on Share Repurchase Program
Velcan Holdings: Share Buyback Program Update
Luxembourg, August 2024
SHARES REPURCHASE PROGRAMME
Authorized by the shareholders' meeting held on June 29, 2021. This program was implemented following the Board of Directors' decision dated 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
The following transactions occurred 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
The comprehensive details of the repurchase program, dated January 15, 2024, can be found on Velcan Holdings' official website.
Regulatory information is available at www.velcan.lu
For inquiries regarding investor relations, please contact investor@velcan.lu.
Frequently Asked Questions
1. What is the share buyback program of Velcan Holdings?
The share buyback program allows Velcan Holdings to repurchase its own shares from the market, which can help improve shareholder value by reducing the number of shares outstanding.
2. Why was the share buyback program authorized?
The program was authorized by the shareholders' meeting to support the company’s financial strategy and enhance shareholder returns.
3. When was the recent share buyback program implemented?
The recent share buyback program was implemented following a decision made by the Board of Directors on January 2, 2024.
4. How many shares were repurchased recently?
In the recent transactions, 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 more details regarding share transactions and financial information.
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