Bekaert - Update on the Share Buyback Program and the Liquidity Agreement

Update on the Share Buyback Program and the Liquidity AgreementPeriod from 8 September 2022 to 14 September 2022

Share Buyback Program

In the context of the share buyback program of Bekaert, announced on 25 February 2022, the third tranche of € 30 million started on 29 July 2022.

Bekaert announces today that during the period from 8 September 2022 to 14 September 2022, Kepler Cheuvreux on behalf of Bekaert has bought 73 643 shares.

The table below provides an overview of the transactions under the third tranche of the share buyback program during the period from 8 September 2022 to 14 September 2022:

  Repurchase of shares
Date Market Number of Shares Average Price paid (€) Highest Price paid (€) Lowest Price paid (€) Total Amount (€)
8 September 2022 Euronext Brussels 7 490 28.70 29.20 28.44 214 963
  MTF CBOE 4 820 28.69 29.12 28.40 138 286
  MTF Turquoise 345 28.67 28.86 28.42 9 891
  MTF Aquis 345 28.68 28.86 28.50 9 895
9 September 2022 Euronext Brussels 7 600 28.95 29.18 28.80 220 020
  MTF CBOE 5 000 28.94 29.14 28.80 144 700
  MTF Turquoise 400 28.95 29.04 28.82 11 580
  MTF Aquis
12 September 2022 Euronext Brussels 7 700 29.21 29.46 28.98 224 917
  MTF CBOE 5 300 29.20 29.36 29.04 154 760
  MTF Turquoise
  MTF Aquis
13 September 2022 Euronext Brussels 8 400 28.69 29.36 28.16 240 996
  MTF CBOE 5 900 28.69 29.30 28.14 169 271
  MTF Turquoise 1 200 29.12 29.12 29.12 34 944
  MTF Aquis 1 400 29.07 29.36 29.04 40 698
14 September 2022 Euronext Brussels 8 700 27.80 28.26 27.52 241 860
  MTF CBOE 6 243 27.79 28.18 27.52 173 493
  MTF Turquoise 1 300 28.21 28.38 28.20 36 673
  MTF Aquis 1 500 28.20 28.20 28.20 42 300
Total   73 643 28.64 29.46 27.52 2 109 247

As announced on 25 February 2022 and 29 July 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 renewed liquidity agreement with Kepler Cheuvreux, Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 12 002 shares during the period from 8 September 2022 to 14 September 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 5 301 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 8 September 2022 to 14 September 2022:

  Purchase of shares
Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
8 September 2022 2 100 28.66 28.80 28.40 60 186
9 September 2022 2 28.70 28.70 28.70 57
12 September 2022 1 596 29.05 29.20 29.00 46 364
13 September 2022 5 304 28.82 29.10 28.40 152 861
14 September 2022 3 000 27.81 28.00 27.60 83 430
Total 12 002 342 898
  Sale of shares
Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
8 September 2022 400 29.20 29.20 29.20 11 680
9 September 2022 2 201 28.98 29.20 28.70 63 785
12 September 2022 2 200 29.36 29.40 29.20 64 592
13 September 2022 500 29.50 29.50 29.50 14 750
14 September 2022 0 0.00 0.00 0.00 0
Total 5 301 154 807

The balance held by Bekaert under the liquidity agreement at the end of the period is 96 667 shares.

On 14 September 2022 after closing of the market, Bekaert holds 3 489 340 own shares, or 5.91% of the total number of the outstanding shares.

Related press release: 2 September 2022: Bekaert renews existing liquidity contract

This information is also made available on the investor relations pages of our website.

Attachment

  • p220916E - Bekaert - Update on the Share Buyback Program and the Liquidity Agreement
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