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

       

Update on the Share Buyback Program and the Liquidity Agreement

Period from 6 July 2023 to 12 July 2023

Share Buyback ProgramOn 10 May 2023, Bekaert announced the start of the sixth tranche of its buyback program, for a total maximum consideration of up to € 30 million (the Sixth Tranche). 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.

Bekaert announces today that during the period from 6 July 2023 to 12 July 2023, Kepler Cheuvreux on behalf of Bekaert has bought 54 282 shares.

The table below provides an overview of the transactions under the sixth tranche of the Program during the period from 6 July 2023 to 12 July 2023:

  Repurchase of shares
Date Market Number of Shares Average Price paid (€) Highest Price paid (€) Lowest Price paid (€) Total Amount (€)
6 July 2023 Euronext Brussels 5 089 42.75 43.10 42.28 217 555
  MTF CBOE 3 186 42.74 43.08 42.24 136 170
  MTF Turquoise 801 42.78 43.12 42.32 34 267
  MTF Aquis 1 025 42.75 43.08 42.32 43 819
7 July 2023 Euronext Brussels 5 362 42.86 43.10 42.38 229 815
  MTF CBOE 3 743 42.86 43.08 42.40 160 425
  MTF Turquoise 891 42.88 43.08 42.44 38 206
  MTF Aquis 1 060 42.87 43.10 42.36 45 442
10 July 2023 Euronext Brussels 5 382 43.42 43.70 42.92 233 686
  MTF CBOE 3 775 43.46 43.68 42.88 164 062
  MTF Turquoise 874 43.40 43.68 42.88 37 932
  MTF Aquis 1 015 43.48 43.72 42.88 44 132
11 July 2023 Euronext Brussels 5 316 44.21 44.56 43.72 235 020
  MTF CBOE 3 725 44.23 44.56 43.76 164 757
  MTF Turquoise 850 44.22 44.56 43.74 37 587
  MTF Aquis 945 44.24 44.58 43.78 41 807
12 July 2023 Euronext Brussels 5 510 44.16 44.58 43.56 243 322
  MTF CBOE 3 696 44.20 44.58 43.56 163 363
  MTF Turquoise 986 44.22 44.60 43.52 43 601
  MTF Aquis 1 051 44.24 44.60 43.56 46 496
Total   54 282 43.50 44.60 42.24 2 361 464

Liquidity agreement

In relation to the renewed liquidity agreement with Kepler Cheuvreux announced on 2 September 2022, Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 6 002 shares during the period from 6 July 2023 to 12 July 2023 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 10 200 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 6 July 2023 to 12 July 2023:

  Purchase of shares
Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
6 July 2023 3 600 42.48 42.70 42.24 152 928
7 July 2023 0 0.00 0.00 0.00 0
10 July 2023 402 42.80 42.80 42.80 17 206
11 July 2023 0 0.00 0.00 0.00 0
12 July 2023 2 000 43.88 44.02 43.70 87 760
Total 6 002       257 894
  Sale of shares
Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
6 July 2023 400 43.00 43.00 43.00 17 200
7 July 2023 2 000 42.91 43.08 42.60 85 820
10 July 2023 2 400 43.35 43.60 43.10 104 040
11 July 2023 1 600 43.98 44.20 43.80 70 368
12 July 2023 3 800 44.45 44.60 44.30 168 910
Total 10 200       446 338

The balance held by Bekaert under the liquidity agreement at the end of the period is 40 721 shares.

On 12 July 2023 after closing of the market, Bekaert holds 2 383 040 own shares, or 4.26% of the total number of the outstanding shares.

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

Attachment

  • p230714E - Bekaert - Update on the Share Buyback Program and the Liquidity Agreement
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