KBC Ancora completes share repurchase programme
13 März 2023 - 5:40PM
KBC Ancora completes share repurchase programme
Regulated information, inside information, Leuven, 13 March 2023
(17.40 hrs CET)
KBC Ancora completes share repurchase
programme
KBC Ancora announces that the share repurchase
programme, which was launched on 10 June 2022, was completed on 13
March 2023.
The programme involved the repurchase of shares
to an amount of EUR 50 million. A total of 1,289,470 KBC Ancora
shares were repurchased, representing 1.65% of the total number of
shares in issue, for a total amount of EUR 49,999,961. The average
purchase price was EUR 38.78 per share.
The purpose of the share repurchase programme
was to reduce the number of shares with dividend entitlement. The
number of KBC Ancora shares with dividend entitlement has fallen
from 78,301,314 shares before the repurchase programme to
77,011,844 after completion of the programme, due to cancellation
of the dividend entitlement of the repurchased shares. This will
have a positive influence on the future dividend per share.
Following the share repurchase programme, KBC
Ancora now holds 1.0066 KBC Group shares per KBC Ancora share with
dividend entitlement issued by the company. This compares with
0.9900 shares prior to the start of the share repurchase
programme.
The repurchased shares are currently being held
as treasury shares. Barring unforeseen circumstances, the Board of
Directors of Almancora Société de gestion, statutory director of
KBC Ancora, will propose to an Extraordinary General Meeting on 27
October 2023 that the repurchased shares be cancelled.
During the final week of the repurchase
programme (from 06 March 2023 to 13 March 2023 inclusive), a total
of 52,683 shares were repurchased at an average price of EUR 48.13
per share. All transactions were carried out in the central order
book of Euronext Brussels.
|
Transaction date |
Number of shares |
Average price (EUR) |
Lowest price (EUR) |
Highest price (EUR) |
Total amount (EUR) |
|
Mon 6 March 2023 |
13,000 |
49.31 |
49.02 |
49.58 |
641,039.10 |
|
Tue 7 March 2023 |
9,000 |
48.61 |
48.18 |
49.58 |
437,471.10 |
|
Wed 8 March 2023 |
5,000 |
48.44 |
48.28 |
48.58 |
242,189.50 |
|
Thu 9 March 2023 |
6,500 |
48.33 |
48.24 |
48.52 |
314,147.60 |
|
Fri 10 March 2023 |
14,300 |
47.04 |
46.70 |
47.70 |
672,676.29 |
|
Mon 13 March 2023 |
4,883 |
46.66 |
44.54 |
47.22 |
227,848.10 |
|
TOTAL (period concerned) |
52,683 |
48.13 |
44.54 |
49.58 |
2,535,371.69 |
|
TOTAL (overall repurchase program) |
1,289,470 |
38.78 |
31.68 |
49.86 |
49,999,961.37 |
---------------------------------
KBC Ancora is a listed company
which holds 18.6% of the shares in KBC Group and which together
with Cera, MRBB and the Other Permanent Shareholders is responsible
for the shareholder stability and further development of the KBC
group. As core shareholders of KBC Group, these parties have signed
a shareholder agreement to this effect.
Financial calendar:1 September
2023 Annual press
release for the financial year 2022/202326 September
2023 Annual Report
for the financial year 2022/2023 available27 October
2023 General and
Extraordinary General Meeting of Shareholders
This press release is available in Dutch, French
and English on the website www.kbcancora.be.
KBC Ancora Investor Relations & Press contact: Jan
BergmansTel.: +32 (0)16 27 96 72E-mail: jan.bergmans@kbcancora.be
or mailbox@kbcancora.be
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