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



01-Jul-2022

Press release

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Update on the Share Buyback Program and the Liquidity Agreement
Period from 23 June 2022 to 29 June 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 23 June 2022 to 29 June 2022, Kepler Cheuvreux on behalf of Bekaert has bought 105 861 shares.

The table below provides an overview of the transactions under the second tranche of the share buy back program during the period from 23 June 2022 and 29 June 2022:

   

Repurchase of shares

 
Date Market Number of Shares Average Price paid (€) Highest Price paid (€) Lowest Price paid (€) Total Amount (€)
23 June 2022 XBRU 9 905 32.47 33.00 32.12 321 615
CEUX 7 687 32.49 33.02 32.24 249 751
TQEX 1 349 32.50 32.90 32.26 43 843
AQEU 1 964 32.48 33.00 32.20 63 791
24 June 2022 XBRU 10 006 32.47 32.86 32.02 324 895
CEUX 7 680 32.46 32.82 32.08 249 293
TQEX 1 385 32.50 32.82 32.08 45 013
AQEU 1 859 32.48 32.84 32.12 60 380
27 June 2022 XBRU 9 971 33.12 33.50 32.76 330 240
CEUX 7 635 33.11 33.42 32.74 252 795
TQEX 1 309 33.10 33.42 32.88 43 328
AQEU 1 963 33.13 33.48 32.78 65 034
28 June 2022 XBRU 9 976 33.02 33.76 32.30 329 408
CEUX 7 828 33.03 33.62 32.38 258 559
TQEX 1 395 32.94 33.62 32.40 45 951
AQEU 1 985 32.99 33.64 32.42 65 485
29 June 2022 XBRU 10 126 32.37 32.78 32.10 327 779
CEUX 8 231 32.37 32.72 32.10 266 437
TQEX 1 526 32.36 32.70 32.16 49 381
AQEU 2 081 32.37 32.72 32.12 67 362
 Total   105 861 32.69 33.76 32.02 3 460 338

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 10 101 shares during the period from 23 June 2022 to 29 June 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 4 801 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 23 June 2022 to 29 June 2022:

 

Purchase of shares

 
Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
23 June 2022 4 400 32.32 32.64 32.10 142 208
24 June 2022 1 32.30 32.30 32.30 32
27 June 2022 0 0.00 0.00 0.00 0
28 June 2022 3 900 32.46 32.80 32.30 126 594
29 June 2022 1 800 32.22 32.28 32.20 57 996
Total 10 101 - - 326 830


 

Sale of shares

 
Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€)
23 June 2022 0 0.00 0.00 0.00 0
24 June 2022 2 001 32.60 32.80 32.30 65 233
27 June 2022 1 800 33.22 33.50 33.00 59 796
28 June 2022 1 000 33.45 33.50 33.40 33 450
29 June 2022 0 0.00 0.00 0.00 0
Total 4 801 - - 158 479

The balance held by Bekaert under the liquidity agreement at the end of the period is 82 822 shares.

On 29 June 2022 after closing of the market, Bekaert holds 2 870 699 own shares, or 4.87 % of the total number of the outstanding shares.

Attachment


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