Bekaert - Update on the Share Buyback Program and the Liquidity Agreement
Update on the Share Buyback Program and the Liquidity Agreement
Period from 26 January 2023 to 1 February 2023
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 26 January 2023 to 1 February 2023, Kepler Cheuvreux on behalf of Bekaert has bought 69 309 shares.
The table below provides an overview of the transactions under the fourth tranche of the Program during the period from 26 January 2023 to 1 February 2023:
| Repurchase of shares | ||||||
| Date | Market | Number of Shares | Average Price paid (€) | Highest Price paid (€) | Lowest Price paid (€) | Total Amount (€) |
| 26 January 2023 | Euronext Brussels | 4 188 | 38.69 | 38.84 | 38.32 | 162 034 |
| MTF CBOE | 3 732 | 38.69 | 38.84 | 38.34 | 144 391 | |
| MTF Turquoise | — | — | — | — | — | |
| MTF Aquis | — | — | — | — | — | |
| 27 January 2023 | Euronext Brussels | 7 442 | 39.32 | 39.58 | 39.00 | 292 619 |
| MTF CBOE | 4 195 | 39.36 | 39.52 | 39.02 | 165 115 | |
| MTF Turquoise | 457 | 39.13 | 39.32 | 39.00 | 17 882 | |
| MTF Aquis | 1 429 | 39.33 | 39.58 | 39.02 | 56 203 | |
| 30 January 2023 | Euronext Brussels | 9 004 | 39.04 | 39.34 | 38.82 | 351 516 |
| MTF CBOE | 5 236 | 39.04 | 39.32 | 38.86 | 204 413 | |
| MTF Turquoise | 945 | 38.99 | 39.34 | 38.90 | 36 846 | |
| MTF Aquis | 849 | 39.09 | 39.38 | 38.90 | 33 187 | |
| 31 January 2023 | Euronext Brussels | 8 026 | 38.61 | 38.84 | 38.32 | 309 884 |
| MTF CBOE | 4 737 | 38.59 | 38.78 | 38.34 | 182 801 | |
| MTF Turquoise | 840 | 38.61 | 38.78 | 38.40 | 32 432 | |
| MTF Aquis | 1 590 | 38.62 | 38.84 | 38.34 | 61 406 | |
| 1 February 2023 | Euronext Brussels | 8 861 | 38.98 | 39.18 | 38.70 | 345 402 |
| MTF CBOE | 5 080 | 38.99 | 39.16 | 38.76 | 198 069 | |
| MTF Turquoise | 917 | 38.98 | 39.14 | 38.74 | 35 745 | |
| MTF Aquis | 1 781 | 39.00 | 39.20 | 38.76 | 69 459 | |
| Total | 69 309 | 38.95 | 39.58 | 38.46 | 2 699 404 | |
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 3 200 shares during the period from 26 January 2023 to 1 February 2023 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 6 000 shares on Euronext Brussels.
The tables below provide an overview of the transactions under the liquidity agreement during the period from 26 January 2023 to 1 February 2023:
| Purchase of shares | |||||
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) |
| 26 January 2023 | 400 | 38.40 | 38.40 | 38.40 | 15 360 |
| 27 January 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| 30 January 2023 | 1 200 | 39.00 | 39.20 | 38.80 | 46 800 |
| 31 January 2023 | 1 600 | 38.58 | 38.70 | 38.40 | 61 728 |
| 1 February 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| Total | 3 200 | — | — | — | 123 888 |
| Sale of shares | |||||
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) |
| 26 January 2023 | 1 200 | 38.95 | 39.00 | 38.92 | 46 740 |
| 27 January 2023 | 3 200 | 39.32 | 39.50 | 39.20 | 125 824 |
| 30 January 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| 31 January 2023 | 400 | 38.80 | 38.80 | 38.80 | 15 520 |
| 1 February 2023 | 1 200 | 39.00 | 39.20 | 38.80 | 46 800 |
| Total | 6 000 | — | — | — | 234 884 |
The balance held by Bekaert under the liquidity agreement at the end of the period is 45 636 shares.
On 1 February 2023 after closing of the market, Bekaert holds 4 642 788 own shares, or 7.87% of the total number of the outstanding shares.
This information is also made available on the pages of our website.
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