AI Terminal
Bekaert NV
Transaction in Own Shares • Feb 3, 2023
3915_dirs_2023-02-03_bc769ea1-a42d-4359-bbeb-0e28475203c0.pdf
Transaction in Own Shares
Open in ViewerOpens in native device viewer
Press release Regulated information 3 February 2023 • 08:15 a.m. CET Press Katelijn Bohez T +32 56 76 66 10 [email protected]
Investor Relations Guy Marks T +32 76 74 73 [email protected]
Update on the Share Buyback Program and the Liquidity Agreement
Period from 26 January 2023 to 1 February 2023
Share Buyback Program
On 25 February 2022, Bekaert announced a € 120 million program to buy back its own shares (the "Program"). The Program was split into four equal tranches of € 30 million and 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. The fourth and last tranche of the Program started on 18 November 2022.
Bekaert announces today that during the period from 26 January 2023 to 1 February 2023, Kepler Cheuvreux on behalf of Bekaert has bought 69 309 shares.
The table below provides an overview of the transactions under the fourth tranche of the Program during the period from 26 January 2023 to 1 February 2023:
| Repurchase of shares | ||||||||
|---|---|---|---|---|---|---|---|---|
| Date | Market | Number of Shares |
Average Price paid (€) |
Highest Price paid (€) |
Lowest Price paid (€) |
Total Amount (€) |
||
| 26 January 2023 | Euronext Brussels | 4 188 | 38.69 | 38.84 | 38.32 | 162 034 | ||
| MTF CBOE | 3 732 | 38.69 | 38.84 | 38.34 | 144 391 | |||
| MTF Turquoise | — | — | — | — | — | |||
| MTF Aquis | — | — | — | — | — | |||
| 27 January 2023 | Euronext Brussels | 7 442 | 39.32 | 39.58 | 39.00 | 292 619 | ||
| MTF CBOE | 4 195 | 39.36 | 39.52 | 39.02 | 165 115 | |||
| MTF Turquoise | 457 | 39.13 | 39.32 | 39.00 | 17 882 | |||
| MTF Aquis | 1 429 | 39.33 | 39.58 | 39.02 | 56 203 | |||
| 30 January 2023 | Euronext Brussels | 9 004 | 39.04 | 39.34 | 38.82 | 351 516 | ||
| MTF CBOE | 5 236 | 39.04 | 39.32 | 38.86 | 204 413 | |||
| MTF Turquoise | 945 | 38.99 | 39.34 | 38.90 | 36 846 | |||
| MTF Aquis | 849 | 39.09 | 39.38 | 38.90 | 33 187 | |||
| 31 January 2023 | Euronext Brussels | 8 026 | 38.61 | 38.84 | 38.32 | 309 884 | ||
| MTF CBOE | 4 737 | 38.59 | 38.78 | 38.34 | 182 801 | |||
| MTF Turquoise | 840 | 38.61 | 38.78 | 38.40 | 32 432 | |||
| MTF Aquis | 1 590 | 38.62 | 38.84 | 38.34 | 61 406 | |||
| 1 February 2023 | Euronext Brussels | 8 861 | 38.98 | 39.18 | 38.70 | 345 402 | ||
| MTF CBOE | 5 080 | 38.99 | 39.16 | 38.76 | 198 069 | |||
| MTF Turquoise | 917 | 38.98 | 39.14 | 38.74 | 35 745 | |||
| MTF Aquis | 1 781 | 39.00 | 39.20 | 38.76 | 69 459 | |||
| Total | 69 309 | 38.95 | 39.58 | 38.46 | 2 699 404 |
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 3 200 shares during the period from 26 January 2023 to 1 February 2023 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 6 000 shares on Euronext Brussels.
The tables below provide an overview of the transactions under the liquidity agreement during the period from 26 January 2023 to 1 February 2023:
| Purchase of shares | |||||||
|---|---|---|---|---|---|---|---|
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) | ||
| 26 January 2023 | 400 | 38.40 | 38.40 | 38.40 | 15 360 | ||
| 27 January 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 | ||
| 30 January 2023 | 1 200 | 39.00 | 39.20 | 38.80 | 46 800 | ||
| 31 January 2023 | 1 600 | 38.58 | 38.70 | 38.40 | 61 728 | ||
| 1 February 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 | ||
| Total | 3 200 | — | — | — | 123 888 |
| Sale of shares | ||||||
|---|---|---|---|---|---|---|
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) | |
| 26 January 2023 | 1 200 | 38.95 | 39.00 | 38.92 | 46 740 | |
| 27 January 2023 | 3 200 | 39.32 | 39.50 | 39.20 | 125 824 | |
| 30 January 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 | |
| 31 January 2023 | 400 | 38.80 | 38.80 | 38.80 | 15 520 | |
| 1 February 2023 | 1 200 | 39.00 | 39.20 | 38.80 | 46 800 | |
| Total | 6 000 | — | — | — | 234 884 |
The balance held by Bekaert under the liquidity agreement at the end of the period is 45 636 shares.
On 1 February 2023 after closing of the market, Bekaert holds 4 642 788 own shares, or 7.87% of the total number of the outstanding shares.
This information is also made available on the investor relations pages of our website.
Company profile
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 € 5.9 billion in combined revenue in 2021.
Disclaimer
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.