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

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Bekaert
Bekaert

Update on the Share Buyback Program and the Liquidity Agreement
Period from 11 August 2022 to 17 August 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 11 August 2022 to 17 August 2022, Kepler Cheuvreux on behalf of Bekaert has bought 65 000 shares.

The table below provides an overview of the transactions under the third tranche of the share buy back program during the period from 11 August 2022 to 17 August 2022:

 

 

Repurchase of shares

Date

Market

Number of Shares

Average Price paid (€)

Highest Price paid (€)

Lowest Price paid (€)

Total Amount (€)

11 August 2022

Euronext Brussels

8 000

33.57

33.88

33.38

268 539

MTF CBOE

5 000

33.56

33.88

33.38

167 807

MTF Turquoise

-

-

-

-

-

MTF Aquis

-

-

-

-

-

12 August 2022

Euronext Brussels

8 000

34.03

34.20

33.64

272 259

MTF CBOE

5 000

34.06

34.18

33.60

170 299

MTF Turquoise

-

-

-

-

-

MTF Aquis

-

-

-

-

-

15 August 2022

Euronext Brussels

8 000

34.17

34.48

34.00

273 397

MTF CBOE

5 000

34.18

34.48

34.00

170 915

MTF Turquoise

-

-

-

-

-

MTF Aquis

-

-

-

-

-

16 August 2022

Euronext Brussels

7 977

34.35

34.72

33.96

274 001

 

MTF CBOE

5 023

34.37

34.68

33.96

172 627

 

MTF Turquoise

-

-

-

-

-

 

MTF Aquis

-

-

-

-

-

17 August 2022

Euronext Brussels

7 800

33.59

34.50

33.30

261 978

MTF CBOE

5 200

33.58

34.50

33.30

174 639

MTF Turquoise

-

-

-

-

-

MTF Aquis

-

-

-

-

-

 Total

 

65 000

33.95

34.72

33.30

2 206 461

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 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 5 300 shares during the period from 11 August 2022 to 17 August 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 4 800 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 11 August 2022 to 17 August 2022:

 

Purchase of shares

Date

Number of Shares

Average Price (€)

Highest Price (€)

Lowest Price (€)

Total Amount (€)

11 August 2022

400

33.40

33.40

33.40

13 360

12 August 2022

0

0.00

0.00

0.00

0

15 August 2022

0

0.00

0.00

0.00

0

16 August 2022

500

34.00

34.00

34.00

17 000

17 August 2022

4 400

33.73

34.40

33.20

148 412

Total

5 300

 -

-

-

178 772




Sale of shares

Date

Number of Shares

Average Price (€)

Highest Price (€)

Lowest Price (€)

Total Amount (€)

11 August 2022

800

33.80

33.90

33.70

27 040

12 August 2022

1 200

33.90

34.10

33.70

40 680

15 August 2022

800

34.40

34.50

34.30

27 520

16 August 2022

1 600

34.48

34.70

34.20

55 168

17 August 2022

400

34.52

34.52

34.52

13 808

Total

4 800

-

-

164 216

The balance held by Bekaert under the liquidity agreement at the end of the period is 76 271 shares.

On 17 August 2022 after closing of the market, Bekaert holds 3 202 525 own shares, or 5.43% of the total number of the outstanding shares.


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