• Bekaert - Update on the Share Buyback Program and the Liquidity Agreement

    Source: Nasdaq GlobeNewswire / 30 Sep 2022 01:15:00   America/Chicago

    Update on the Share Buyback Program and the Liquidity Agreement
    Period from 22 September 2022 to 28 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 22 September 2022 to 28 September 2022, Kepler Cheuvreux on behalf of Bekaert has bought 114 785 shares.

    The table below provides an overview of the transactions under the third tranche of the share buyback program during the period from 22 September 2022 to 28 September 2022:

     Repurchase of shares
    DateMarketNumber of SharesAverage Price paid (€)Highest Price paid (€)Lowest Price paid (€)Total Amount (€)
    22 September 2022Euronext Brussels10 60026.8227.0626.56284 292
     MTF CBOE8 70026.7726.9426.54232 899
     MTF Turquoise1 50026.8726.9026.8440 305
     MTF Aquis1 80026.8926.9026.8448 402
    23 September 2022Euronext Brussels10 49725.9926.5625.72272 817
     MTF CBOE8 88525.9726.5425.72230 743
     MTF Turquoise1 44025.9826.8025.7437 411
     MTF Aquis1 95025.9726.5425.7450 642
    26 September 2022Euronext Brussels10 90025.9026.1825.50282 310
     MTF CBOE9 40025.8826.1825.48243 272
     MTF Turquoise1 47525.9126.1825.5838 217
     MTF Aquis1 98625.9126.2225.5051 457
    27 September 2022Euronext Brussels11 01726.0226.3625.68286 662
     MTF CBOE9 85026.0226.3425.68256 297
     MTF Turquoise1 39926.0226.4225.7636 402
     MTF Aquis2 04326.0126.4225.7253 138
    28 September 2022Euronext Brussels9 74825.5525.9024.88249 061
     MTF CBOE8 57625.5225.8624.90218 860
     MTF Turquoise1 33925.5125.9025.0234 158
     MTF Aquis1 68025.5125.9224.9242 857
    Total 114 78526.0527.0624.882 990 202

    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 9 900 shares during the period from 22 September 2022 to 28 September 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 4 500 shares on Euronext Brussels.

    The tables below provide an overview of the transactions under the liquidity agreement during the period from
    22 September 2022 to 28 September 2022:

     Purchase of shares
    DateNumber of SharesAverage Price (€)Highest Price (€)Lowest Price (€)Total Amount (€)
    22 September 20223 40026.7426.9026.5090 916
    23 September 20221 20026.0726.3025.8031 284
    26 September 20221 60025.5925.6225.5040 944
    27 September 20221 70025.8625.9425.7043 962
    28 September 20222 00025.4225.8025.0050 840
    Total9 900———257 946


     Sale of shares
    DateNumber of SharesAverage Price (€)Highest Price (€)Lowest Price (€)Total Amount (€)
    22 September 20221 00027.1027.1027.1027 100
    23 September 202200.000.000.000
    26 September 202270026.0926.202 600.0018 263
    27 September 20222 80026.1326.202 600.0073 164
    28 September 202200.000.000.000
    Total4 500———118 527

    The balance held by Bekaert under the liquidity agreement at the end of the period is 105 267 shares.

    On 28 September 2022 after closing of the market, Bekaert holds 3 704 895 own shares, or 6.28% 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.

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