Transaction in Own Shares • Jan 27, 2023
Transaction in Own Shares
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Period from 19 January 2023 to 25 January 2023
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 19 January 2023 to 25 January 2023, Kepler Cheuvreux on behalf of Bekaert has bought 58 741 shares.
The table below provides an overview of the transactions under the fourth tranche of the Program during the period from 19 January 2023 to 25 January 2023:
| Repurchase of shares | ||||||||
|---|---|---|---|---|---|---|---|---|
| Date | Market | Number of Shares |
Average Price paid (€) |
Highest Price paid (€) |
Lowest Price | paid (€) Total Amount (€) | ||
| 19 January 2023 | Euronext Brussels | 8 632 | 38.99 | 39.52 | 38.78 | 336 562 | ||
| MTF CBOE | 5 034 | 39.01 | 39.48 | 38.78 | 196 376 | |||
| MTF Turquoise | 854 | 38.88 | 39.00 | 38.80 | 33 204 | |||
| MTF Aquis | 1 579 | 38.98 | 39.00 | 38.80 | 61 549 | |||
| 20 January 2023 | Euronext Brussels | 4 750 | 38.95 | 39.12 | 38.82 | 185 013 | ||
| MTF CBOE | 3 507 | 38.98 | 39.12 | 38.82 | 136 703 | |||
| MTF Turquoise | — | — | — | — | — | |||
| MTF Aquis | — | — | — | — | — | |||
| 23 January 2023 | Euronext Brussels | 5 684 | 39.28 | 39.40 | 39.16 | 223 268 | ||
| MTF CBOE | 3 391 | 39.30 | 39.50 | 39.10 | 133 266 | |||
| MTF Turquoise | 0 | — | — | — | 0 | |||
| MTF Aquis | 0 | — | — | — | 0 | |||
| 24 January 2023 | Euronext Brussels | 5 230 | 39.30 | 39.58 | 39.14 | 205 539 | ||
| MTF CBOE | 3 457 | 39.33 | 39.58 | 39.14 | 135 964 | |||
| MTF Turquoise | — | — | — | — | — | |||
| MTF Aquis | — | — | — | — | — | |||
| 25 January 2023 | Euronext Brussels | 8 783 | 38.82 | 39.50 | 38.48 | 340 956 | ||
| MTF CBOE | 5 221 | 38.83 | 39.48 | 38.46 | 202 731 | |||
| MTF Turquoise | 952 | 38.66 | 38.66 | 38.66 | 36 804 | |||
| MTF Aquis | 1 667 | 38.73 | 38.78 | 38.70 | 64 563 | |||
| Total | 58 741 | 39.03 | 39.58 | 38.46 | 2 292 498 |
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 6 500 shares during the period from 19 January 2023 to 25 January 2023 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 1 900 shares on Euronext Brussels.
The tables below provide an overview of the transactions under the liquidity agreement during the period from 19 January 2023 to 25 January 2023:
| Purchase of shares | ||||||
|---|---|---|---|---|---|---|
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) | |
| 19 January 2023 | 2 400 | 38.96 | 39.40 | 38.66 | 93 504 | |
| 20 January 2023 | 500 | 38.80 | 38.80 | 38.80 | 19 400 | |
| 23 January 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 | |
| 24 January 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 | |
| 25 January 2023 | 3 600 | 38.77 | 39.20 | 38.50 | 139 572 | |
| Total | 6 500 | — | — | — | 252 476 |
| Sale of shares | |
|---|---|
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) |
|---|---|---|---|---|---|
| 19 January 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| 20 January 2023 | 1 000 | 39.05 | 39.20 | 38.90 | 39 050 |
| 23 January 2023 | 500 | 39.28 | 39.28 | 39.28 | 19 640 |
| 24 January 2023 | 400 | 39.50 | 39.50 | 39.50 | 15 800 |
| 25 January 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| Total | 1 900 | — | — | — | 74 490 |
The balance held by Bekaert under the liquidity agreement at the end of the period is 48 436 shares.
On 25 January 2023 after closing of the market, Bekaert holds 4 576 279 own shares, or 7.75% of the total number of the outstanding shares.
This information is also made available on the investor relations pages of our website.
Bekaert (bekaert.com) is a world market and technology leader in steel wire transformation and coating technologies. We pursue to be the preferred supplier for our steel wire products and solutions by continuously delivering superior value to our customers worldwide. Bekaert (Euronext Brussels: BEKB) is a global company with more than 27 000 employees worldwide, headquarters in Belgium and € 5.9 billion in combined revenue in 2021.
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.
Katelijn Bohez Phone: +32 56 76 66 10 E-mail: [email protected] Investor Relations
Guy Marks Phone: +32 56 76 74 73 E-mail: [email protected]
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