Bekaert - Update on the Share Buyback Program and the Liquidity Agreement
Update on the Share Buyback Program and the Liquidity Agreement
Period from 15 December 2022 to 21 December 2022
Share Buyback Program
On , Bekaert announced a € 120 million program to buy back its own shares (the "Program"). The Program was split into four equal tranches of € 30 million and all shares bought as part of the Program will be cancelled. The purpose of the Program is to reduce the issued share capital of the company.
The fourth and last tranche of the Program started on .
Bekaert announces today that during the period from 15 December 2022 to 21 December 2022, Kepler Cheuvreux on behalf of Bekaert has bought 72 968 shares.
The table below provides an overview of the transactions under the fourth tranche of the Program during the period from 15 December 2022 to 21 December 2022:
| Repurchase of shares | ||||||
| Date | Market | Number of Shares | Average Price paid (€) | Highest Price paid (€) | Lowest Price paid (€) | Total Amount (€) |
| 15 December 2022 | Euronext Brussels | 9 402 | 35.06 | 35.36 | 34.88 | 329 634 |
| MTF CBOE | 7 339 | 35.08 | 35.38 | 34.88 | 257 452 | |
| MTF Turquoise | 1 107 | 35.02 | 35.36 | 34.88 | 38 767 | |
| MTF Aquis | 2 009 | 35.11 | 35.36 | 34.86 | 70 536 | |
| 16 December 2022 | Euronext Brussels | 9 111 | 35.00 | 35.14 | 34.68 | 318 885 |
| MTF CBOE | 7 771 | 35.01 | 35.16 | 34.80 | 272 063 | |
| MTF Turquoise | 1 097 | 35.01 | 35.14 | 34.80 | 38 406 | |
| MTF Aquis | 2 034 | 35.01 | 35.14 | 34.80 | 71 210 | |
| 19 December 2022 | Euronext Brussels | 7 194 | 35.21 | 35.30 | 35.08 | 253 301 |
| MTF CBOE | 5 827 | 35.22 | 35.32 | 35.10 | 205 227 | |
| MTF Turquoise | 801 | 35.22 | 35.30 | 35.12 | 28 211 | |
| MTF Aquis | 1 958 | 35.21 | 35.30 | 35.12 | 68 941 | |
| 20 December 2022 | Euronext Brussels | 9 055 | 35.26 | 35.40 | 35.06 | 319 279 |
| MTF CBOE | 2 842 | 35.24 | 35.40 | 35.02 | 100 152 | |
| MTF Turquoise | 236 | 35.28 | 35.40 | 35.20 | 8 326 | |
| MTF Aquis | 1 930 | 35.36 | 35.40 | 35.10 | 68 245 | |
| 21 December 2022 | Euronext Brussels | 2 172 | 35.42 | 35.56 | 35.26 | 76 932 |
| MTF CBOE | 648 | 35.34 | 35.58 | 35.28 | 22 900 | |
| MTF Turquoise | 190 | 35.43 | 35.52 | 35.26 | 6 732 | |
| MTF Aquis | 245 | 35.33 | 35.40 | 35.28 | 8 656 | |
| Total | 72 968 | 35.14 | 35.58 | 34.68 | 2 563 855 | |
Liquidity agreement
In relation to the renewed liquidity agreement with Kepler Cheuvreux announced on , Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 5 057 shares during the period from 15 December 2022 to 21 December 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 2 600 shares on Euronext Brussels.
The tables below provide an overview of the transactions under the liquidity agreement during the period from 15 December 2022 to 21 December 2022:
| Purchase of shares | |||||
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) |
| 15 December 2022 | 3 000 | 34.96 | 35.00 | 34.86 | 104 880 |
| 16 December 2022 | 800 | 34.75 | 34.80 | 34.70 | 27 800 |
| 19 December 2022 | 400 | 34.90 | 34.90 | 34.90 | 13 960 |
| 20 December 2022 | 857 | 34.99 | 35.00 | 34.80 | 29 986 |
| 21 December 2022 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| Total | 5 057 | — | — | — | 176 626 |
| Sale of shares | |||||
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) |
| 15 December 2022 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| 16 December 2022 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| 19 December 2022 | 800 | 35.25 | 35.30 | 35.20 | 28 200 |
| 20 December 2022 | 400 | 35.50 | 35.50 | 35.50 | 14 200 |
| 21 December 2022 | 1 400 | 35.63 | 35.70 | 35.50 | 49 882 |
| Total | 2 600 | — | — | — | 92 282 |
The balance held by Bekaert under the liquidity agreement at the end of the period is 62 762 shares.
On 21 December 2022 after closing of the market, Bekaert holds 4 332 792 own shares, or 7.34% of the total number of the outstanding shares.
This information is also made available on the pages of our website.
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