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Bekaert NV
Transaction in Own Shares • Sep 16, 2022
3915_dirs_2022-09-16_b225f8ae-b9f3-4b31-bba1-49d9a2e96cc3.pdf
Transaction in Own Shares
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Update on the Share Buyback Program and the Liquidity Agreement
Period from 8 September 2022 to 14 September 2022
Share Buyback Program
In the context of the share buyback program of Bekaert, announced on 25 February 2022, the third tranche of € 30 million started on 29 July 2022.
Bekaert announces today that during the period from 8 September 2022 to 14 September 2022, Kepler Cheuvreux on behalf of Bekaert has bought 73 643 shares.
The table below provides an overview of the transactions under the third tranche of the share buyback program during the period from 8 September 2022 to 14 September 2022:
| Repurchase of shares | ||||||||
|---|---|---|---|---|---|---|---|---|
| Date | Market | Number of Shares |
Average Price paid (€) |
Highest Price paid (€) |
Lowest Price | paid (€) Total Amount (€) | ||
| 8 September 2022 | Euronext Brussels | 7 490 | 28.70 | 29.20 | 28.44 | 214 963 | ||
| MTF CBOE | 4 820 | 28.69 | 29.12 | 28.40 | 138 286 | |||
| MTF Turquoise | 345 | 28.67 | 28.86 | 28.42 | 9 891 | |||
| MTF Aquis | 345 | 28.68 | 28.86 | 28.50 | 9 895 | |||
| 9 September 2022 | Euronext Brussels | 7 600 | 28.95 | 29.18 | 28.80 | 220 020 | ||
| MTF CBOE | 5 000 | 28.94 | 29.14 | 28.80 | 144 700 | |||
| MTF Turquoise | 400 | 28.95 | 29.04 | 28.82 | 11 580 | |||
| MTF Aquis | — | — | — | — | — | |||
| 12 September 2022 | Euronext Brussels | 7 700 | 29.21 | 29.46 | 28.98 | 224 917 | ||
| MTF CBOE | 5 300 | 29.20 | 29.36 | 29.04 | 154 760 | |||
| MTF Turquoise | — | — | — | — | — | |||
| MTF Aquis | — | — | — | — | — | |||
| 13 September 2022 | Euronext Brussels | 8 400 | 28.69 | 29.36 | 28.16 | 240 996 | ||
| MTF CBOE | 5 900 | 28.69 | 29.30 | 28.14 | 169 271 | |||
| MTF Turquoise | 1 200 | 29.12 | 29.12 | 29.12 | 34 944 | |||
| MTF Aquis | 1 400 | 29.07 | 29.36 | 29.04 | 40 698 | |||
| 14 September 2022 | Euronext Brussels | 8 700 | 27.80 | 28.26 | 27.52 | 241 860 | ||
| MTF CBOE | 6 243 | 27.79 | 28.18 | 27.52 | 173 493 | |||
| MTF Turquoise | 1 300 | 28.21 | 28.38 | 28.20 | 36 673 | |||
| MTF Aquis | 1 500 | 28.20 | 28.20 | 28.20 | 42 300 | |||
| Total | 73 643 | 28.64 | 29.46 | 27.52 | 2 109 247 |
As announced on 25 February 2022 and 29 July 2022, the purpose of the program is to reduce the issued share capital of the company. All shares repurchased as part of the program will be cancelled.
Liquidity agreement
In the context of the renewed liquidity agreement with Kepler Cheuvreux, Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 12 002 shares during the period from 8 September 2022 to 14 September 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 5 301 shares on Euronext Brussels.
The tables below provide an overview of the transactions under the liquidity agreement during the period from 8 September 2022 to 14 September 2022:
| Purchase of shares | |||||||
|---|---|---|---|---|---|---|---|
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) | ||
| 8 September 2022 | 2 100 | 28.66 | 28.80 | 28.40 | 60 186 | ||
| 9 September 2022 | 2 | 28.70 | 28.70 | 28.70 | 57 | ||
| 12 September 2022 | 1 596 | 29.05 | 29.20 | 29.00 | 46 364 | ||
| 13 September 2022 | 5 304 | 28.82 | 29.10 | 28.40 | 152 861 | ||
| 14 September 2022 | 3 000 | 27.81 | 28.00 | 27.60 | 83 430 | ||
| Total | 12 002 | — | — | — | 342 898 |
Sale of shares Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€) 8 September 2022 400 29.20 29.20 29.20 11 680 9 September 2022 2 201 28.98 29.20 28.70 63 785 12 September 2022 2 200 29.36 29.40 29.20 64 592 13 September 2022 500 29.50 29.50 29.50 14 750 14 September 2022 0 0.00 0.00 0.00 0 Total 5 301 — — — 154 807
The balance held by Bekaert under the liquidity agreement at the end of the period is 96 667 shares.
On 14 September 2022 after closing of the market, Bekaert holds 3 489 340 own shares, or 5.91% of the total number of the outstanding shares.
Related press release: 2 September 2022: Bekaert renews existing liquidity contract
This information is also made available on the investor relations pages of our website.
Company profile
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.
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.
Press & Investor Relations
Katelijn Bohez Phone: +32 56 76 66 10 - E-mail: [email protected]