Transaction in Own Shares • Mar 3, 2023
Transaction in Own Shares
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Press release Regulated information 3 March 2023 • 08:15 a.m. CET Press Katelijn Bohez T +32 56 76 66 10 [email protected]
Investor Relations Guy Marks T +32 56 76 74 73 [email protected]
On 1 March 2023, Bekaert announced the continuation of its program to buy back own shares for an additional amount of up to € 120 million (the "Program") and the immediate start of a fifth tranche of the Program for an aggregate amount of up to € 30 million. 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 23 February 2023 to 1 March 2023, Kepler Cheuvreux on behalf of Bekaert has bought 15 247 shares.
The table below provides an overview of the transactions under the fourth tranche of the Program during the period from 23 February 2023 to 1 March 2023:
| Repurchase of shares | ||||||||
|---|---|---|---|---|---|---|---|---|
| Date | Market | Number of Shares |
Average Price paid (€) |
Highest Price paid (€) |
Lowest Price paid (€) |
Total Amount (€) |
||
| 23 February 2023 | Euronext Brussels | — | — | — | — | — | ||
| MTF CBOE | — | — | — | — | — | |||
| MTF Turquoise | — | — | — | — | — | |||
| MTF Aquis | — | — | — | — | — | |||
| 24 February 2023 | Euronext Brussels | — | — | — | — | — | ||
| MTF CBOE | — | — | — | — | — | |||
| MTF Turquoise | — | — | — | — | — | |||
| MTF Aquis | — | — | — | — | — | |||
| 27 February 2023 | Euronext Brussels | — | — | — | — | — | ||
| MTF CBOE | — | — | — | — | — | |||
| MTF Turquoise | — | — | — | — | — | |||
| MTF Aquis | — | — | — | — | — | |||
| 28 February 2023 | Euronext Brussels | — | — | — | — | — | ||
| MTF CBOE | — | — | — | — | — | |||
| MTF Turquoise | — | — | — | — | — | |||
| MTF Aquis | — | — | — | — | — | |||
| 1 March 2023 | Euronext Brussels | 7 988 | 43.54 | 43.94 | 42.68 | 347 798 | ||
| MTF CBOE | 4 548 | 43.55 | 44.00 | 42.78 | 198 065 | |||
| MTF Turquoise | 827 | 43.59 | 43.98 | 42.80 | 36 049 | |||
| MTF Aquis | 1 884 | 43.58 | 44.00 | 42.82 | 82 105 | |||
| Total | 15 247 | 43.55 | 44.00 | 42.68 | 664 017 |
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 1 share during the period from 23 February 2023 to 1 March 2023 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 12 829 shares on Euronext Brussels.
The tables below provide an overview of the transactions under the liquidity agreement during the period from 23 February 2023 to 1 March 2023:
| Purchase of shares | |||||||
|---|---|---|---|---|---|---|---|
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) | ||
| 23 February 2023 | 1 | 40.32 | 40.32 | 40.32 | 40 | ||
| 24 February 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 | ||
| 27 February 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 | ||
| 28 February 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 | ||
| 1 March 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 | ||
| Total | 1 | 40 |
| Sale of shares | |||||||
|---|---|---|---|---|---|---|---|
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) | ||
| 23 February 2023 | 9 529 | 40.72 | 41.40 | 40.32 | 388 021 | ||
| 24 February 2023 | 1 200 | 41.63 | 41.80 | 41.50 | 49 956 | ||
| 27 February 2023 | 200 | 41.80 | 41.80 | 41.80 | 8 360 | ||
| 28 February 2023 | 600 | 41.97 | 42.00 | 41.90 | 25 182 | ||
| 1 March 2023 | 1 300 | 43.22 | 43.98 | 42.30 | 56 186 | ||
| Total | 12 829 | 527 705 |
The balance held by Bekaert under the liquidity agreement at the end of the period is 27 536 shares.
On 1 March 2023 after closing of the market, Bekaert holds 2 674 251 own shares, or 4.69% of the total number of the outstanding shares.
This information is also made available on the investor relations pages of our website.
Bekaert's ambition is to be the leading partner for shaping the way we live and move, and to always do this in a way that is safe, smart, and sustainable. As a global market and technology leader in material science of steel wire transformation and coating technologies, Bekaert also applies its expertise beyond steel to create new solutions with innovative materials and services for markets including new mobility, low-carbon construction, and green energy. Founded in 1880, with its headquarters in Belgium, Bekaert (Euronext Brussels, BEKB) is a global company whose 27 000 employees worldwide together generated € 7 billion in combined revenue in 2022.
This press release may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Bekaert is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release in light of new information, future events or otherwise. Bekaert disclaims any liability for statements made or published by third parties and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release issued by Bekaert.
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