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

Update on the Share Buyback Program and the Liquidity AgreementPeriod from 15 September 2022 to 21 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 15 September 2022 to 21 September 2022, Kepler Cheuvreux on behalf of Bekaert has bought 92 170 shares.

The table below provides an overview of the transactions under the third tranche of the share buyback program during the period from 15 September 2022 to 21 September 2022:

  Repurchase of shares
Date Market Number of Shares Average Price paid (€) Highest Price paid (€) Lowest Price paid (€) Total Amount (€)
15 September 2022 Euronext Brussels 8 255 27.78 28.02 27.60 229 324
  MTF CBOE 6 035 27.77 28.02 27.60 167 592
  MTF Turquoise 1 167 27.78 27.92 27.62 32 419
  MTF Aquis 1 365 27.83 27.92 27.60 37 988
16 September 2022 Euronext Brussels 8 163 27.22 27.62 26.98 222 197
  MTF CBOE 6 335 27.21 27.42 26.98 172 375
  MTF Turquoise 1 300 27.29 27.52 27.28 35 477
  MTF Aquis 1 500 27.30 27.52 27.24 40 950
19 September 2022 Euronext Brussels 9 212 27.52 27.88 27.16 253 514
  MTF CBOE 5 485 27.39 27.68 27.12 150 234
  MTF Turquoise 1 036 27.44 27.68 27.24 28 428
  MTF Aquis 1 167 27.41 27.66 27.20 31 987
20 September 2022 Euronext Brussels 9 450 27.16 27.82 26.72 256 662
  MTF CBOE 7 700 27.13 27.84 26.66 208 901
  MTF Turquoise 1 400 27.23 27.78 27.12 38 122
  MTF Aquis 1 600 27.27 28.00 27.14 43 632
21 September 2022 Euronext Brussels 10 000 26.98 27.34 26.70 269 800
  MTF CBOE 7 900 27.03 27.26 26.96 213 537
  MTF Turquoise 1 400 26.99 27.32 26.76 37 786
  MTF Aquis 1 700 27.04 27.38 26.76 45 968
Total   92 170 27.31 28.02 26.66 2 516 893

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 10 400 shares during the period from 15 September 2022 to 21 September 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 7 200 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 15 September 2022 to 21 September 2022:

  Purchase of shares
Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
15 September 2022 1 200 27.67 27.70 27.60 33 204
16 September 2022 3 400 27.29 27.64 27.00 92 786
19 September 2022 400 27.18 27.18 27.18 10 872
20 September 2022 5 000 27.23 27.80 26.90 136 150
21 September 2022 400 26.70 26.70 26.70 10 680
Total 10 400 — — — 283 692
  Sale of shares
Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
15 September 2022 800 27.95 28.00 27.90 22 360
16 September 2022 0 0.00 0.00 0.00 0
19 September 2022 5 000 27.60 27.64 27.40 138 000
20 September 2022 0 0.00 0.00 0.00 0
21 September 2022 1 400 27.24 27.28 27.20 38 136
Total 7 200 — — — 198 496

The balance held by Bekaert under the liquidity agreement at the end of the period is 99 867 shares.

On 21 September 2022 after closing of the market, Bekaert holds 3 584 710 own shares, or 6.08% 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

  • p220923E - Bekaert - Update on the Share Buyback Program and the Liquidity Agreement
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