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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