Bekaert - Update on the Share Buyback Program and the Liquidity Agreement
Update on the Share Buyback Program and the Liquidity Agreement
Period from 23 June 2022 to 29 June 2022
Share Buyback Program
In the context of the share buyback program of Bekaert, announced on , the second tranche of €30 million started on .
Bekaert announces today that during the period from 23 June 2022 to 29 June 2022, Kepler Cheuvreux on behalf of Bekaert has bought 105 861 shares.
The table below provides an overview of the transactions under the second tranche of the share buy back program during the period from 23 June 2022 and 29 June 2022:
| Repurchase of shares | ||||||
| Date | Market | Number of Shares | Average Price paid (€) | Highest Price paid (€) | Lowest Price paid (€) | Total Amount (€) |
| 23 June 2022 | XBRU | 9 905 | 32.47 | 33.00 | 32.12 | 321 615 |
| CEUX | 7 687 | 32.49 | 33.02 | 32.24 | 249 751 | |
| TQEX | 1 349 | 32.50 | 32.90 | 32.26 | 43 843 | |
| AQEU | 1 964 | 32.48 | 33.00 | 32.20 | 63 791 | |
| 24 June 2022 | XBRU | 10 006 | 32.47 | 32.86 | 32.02 | 324 895 |
| CEUX | 7 680 | 32.46 | 32.82 | 32.08 | 249 293 | |
| TQEX | 1 385 | 32.50 | 32.82 | 32.08 | 45 013 | |
| AQEU | 1 859 | 32.48 | 32.84 | 32.12 | 60 380 | |
| 27 June 2022 | XBRU | 9 971 | 33.12 | 33.50 | 32.76 | 330 240 |
| CEUX | 7 635 | 33.11 | 33.42 | 32.74 | 252 795 | |
| TQEX | 1 309 | 33.10 | 33.42 | 32.88 | 43 328 | |
| AQEU | 1 963 | 33.13 | 33.48 | 32.78 | 65 034 | |
| 28 June 2022 | XBRU | 9 976 | 33.02 | 33.76 | 32.30 | 329 408 |
| CEUX | 7 828 | 33.03 | 33.62 | 32.38 | 258 559 | |
| TQEX | 1 395 | 32.94 | 33.62 | 32.40 | 45 951 | |
| AQEU | 1 985 | 32.99 | 33.64 | 32.42 | 65 485 | |
| 29 June 2022 | XBRU | 10 126 | 32.37 | 32.78 | 32.10 | 327 779 |
| CEUX | 8 231 | 32.37 | 32.72 | 32.10 | 266 437 | |
| TQEX | 1 526 | 32.36 | 32.70 | 32.16 | 49 381 | |
| AQEU | 2 081 | 32.37 | 32.72 | 32.12 | 67 362 | |
| Total | 105 861 | 32.69 | 33.76 | 32.02 | 3 460 338 | |
As announced on 25 February 2022 and 11 May 2022, the purpose of the program is to reduce the issued share capital of the company. All shares repurchased as part of the program will be cancelled.
Liquidity agreement
In the context of the liquidity agreement entered into by Bekaert with Kepler Cheuvreux on 2 September 2021 (see press release of , Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 10 101 shares during the period from 23 June 2022 to 29 June 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 4 801 shares on Euronext Brussels.
The tables below provide an overview of the transactions under the liquidity agreement during the period from 23 June 2022 to 29 June 2022:
| Purchase of shares | |||||
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) |
| 23 June 2022 | 4 400 | 32.32 | 32.64 | 32.10 | 142 208 |
| 24 June 2022 | 1 | 32.30 | 32.30 | 32.30 | 32 |
| 27 June 2022 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| 28 June 2022 | 3 900 | 32.46 | 32.80 | 32.30 | 126 594 |
| 29 June 2022 | 1 800 | 32.22 | 32.28 | 32.20 | 57 996 |
| Total | 10 101 | - | - | - | 326 830 |
| Sale of shares | |||||
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) |
| 23 June 2022 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| 24 June 2022 | 2 001 | 32.60 | 32.80 | 32.30 | 65 233 |
| 27 June 2022 | 1 800 | 33.22 | 33.50 | 33.00 | 59 796 |
| 28 June 2022 | 1 000 | 33.45 | 33.50 | 33.40 | 33 450 |
| 29 June 2022 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| Total | 4 801 | - | - | - | 158 479 |
The balance held by Bekaert under the liquidity agreement at the end of the period is 82 822 shares.
On 29 June 2022 after closing of the market, Bekaert holds 2 870 699 own shares, or 4.87 % of the total number of the outstanding shares.
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