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Bekaert NV
Transaction in Own Shares • Jul 29, 2022
3915_dirs_2022-07-29_38ea18f0-5d6d-48fc-8408-19820f8ff7ac.pdf
Transaction in Own Shares
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Update on the Share Buyback Program and the Liquidity Agreement Period from 21 July 2022 to 27 July 2022
Share Buyback Program
In the context of the share buyback program of Bekaert, announced on 25 February 2022, the second tranche of €30 million started on 11 May 2022.
Bekaert announces today that during the period from 21 July 2022 to 22 July 2022, Kepler Cheuvreux on behalf of Bekaert has bought 3 640 shares.
The table below provides an overview of the transactions under the second tranche of the share buy back program during the period from 21 July 2022 to 22 July 2022:
| Repurchase of shares | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Date | Market | Number of Shares |
Average Price paid (€) |
Highest Price paid (€) |
Lowest Price paid (€) |
Total Amount (€) |
|||
| 21 July 2022 | XBRU | 2 000 | 31.84 | 32.08 | 31.62 | 63 680 | |||
| CEUX | - | - | - | - | - | ||||
| TQEX | - | - | - | - | - | ||||
| AQEU | - | - | - | - | - | ||||
| 22 July 2022 | XBRU | 1 640 | 31.37 | 31.60 | 31.16 | 51 447 | |||
| CEUX | - | - | - | - | - | ||||
| TQEX | - | - | - | - | - | ||||
| AQEU | - | - | - | - | - | ||||
| Total | 3 640 | 31.63 | 32.08 | 31.16 | 115 127 |
As announced on 25 February 2022 and 11 May 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 liquidity agreement entered into by Bekaert with Kepler Cheuvreux on 2 September 2021 (see press release of 3 September 2021), Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 4 400 shares during the period from 21 July 2022 to 27 July 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 3 670 shares on Euronext Brussels.
The tables below provide an overview of the transactions under the liquidity agreement during the period from 21 July 2022 to 27 July 2022:
| Purchase of shares | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) | ||||
| 21 July 2022 | 0 | 0.00 | 0.00 | 0.00 | 0 | ||||
| 22 July 2022 | 1 400 | 31.24 | 31.26 | 31.20 | 43 736 | ||||
| 25 July 2022 | 600 | 31.33 | 31.40 | 31.30 | 18 798 | ||||
| 26 July 2022 | 2 400 | 30.75 | 31.20 | 30.40 | 73 800 | ||||
| 27 July 2022 | 0 | 0 | |||||||
| Total | 4 400 | - | - | - | 136 334 |
Sale of shares Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€) 21 July 2022 1 700 31,82 32.00 31.80 54 094 22 July 2022 0 0.00 0.00 0.00 0 25 July 2022 700 31.44 31.50 31.40 22 008 26 July 2022 0 0 27 July 2022 1 270 31.22 31.60 31.00 39 649 Total 3 670 - - - 115 751
The balance held by Bekaert under the liquidity agreement at the end of the period is 84 244 shares.
On 27 July 2022 after closing of the market.Bekaert holds 3 031 860 own shares, or 5.14 % 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 (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]