Update on the Share Buyback Program and the Liquidity Agreement
Period from 19 January 2023 to 25 January 2023
Share Buyback Program
On 25 February 2022, Bekaert announced a € 120 million program to buy back its own shares (the "Program"). The Program was split into four equal tranches of € 30 million and all shares bought as part of the Program will be cancelled. The purpose of the Program is to reduce the issued share capital of the company.
The fourth and last tranche of the Program started on 18 November 2022.
Bekaert announces today that during the period from 19 January 2023 to 25 January 2023, Kepler Cheuvreux on behalf of Bekaert has bought 58 741 shares.
The table below provides an overview of the transactions under the fourth tranche of the Program during the period from 19 January 2023 to 25 January 2023:
| Repurchase of shares | ||||||
| Date | Market | Number of Shares | Average Price paid (€) | Highest Price paid (€) | Lowest Price paid (€) | Total Amount (€) |
| 19 January 2023 | Euronext Brussels | 8 632 | 38.99 | 39.52 | 38.78 | 336 562 |
| MTF CBOE | 5 034 | 39.01 | 39.48 | 38.78 | 196 376 | |
| MTF Turquoise | 854 | 38.88 | 39.00 | 38.80 | 33 204 | |
| MTF Aquis | 1 579 | 38.98 | 39.00 | 38.80 | 61 549 | |
| 20 January 2023 | Euronext Brussels | 4 750 | 38.95 | 39.12 | 38.82 | 185 013 |
| MTF CBOE | 3 507 | 38.98 | 39.12 | 38.82 | 136 703 | |
| MTF Turquoise | — | — | — | — | — | |
| MTF Aquis | — | — | — | — | — | |
| 23 January 2023 | Euronext Brussels | 5 684 | 39.28 | 39.40 | 39.16 | 223 268 |
| MTF CBOE | 3 391 | 39.30 | 39.50 | 39.10 | 133 266 | |
| MTF Turquoise | 0 | — | — | — | 0 | |
| MTF Aquis | 0 | — | — | — | 0 | |
| 24 January 2023 | Euronext Brussels | 5 230 | 39.30 | 39.58 | 39.14 | 205 539 |
| MTF CBOE | 3 457 | 39.33 | 39.58 | 39.14 | 135 964 | |
| MTF Turquoise | — | — | — | — | — | |
| MTF Aquis | — | — | — | — | — | |
| 25 January 2023 | Euronext Brussels | 8 783 | 38.82 | 39.50 | 38.48 | 340 956 |
| MTF CBOE | 5 221 | 38.83 | 39.48 | 38.46 | 202 731 | |
| MTF Turquoise | 952 | 38.66 | 38.66 | 38.66 | 36 804 | |
| MTF Aquis | 1 667 | 38.73 | 38.78 | 38.70 | 64 563 | |
| Total | 58 741 | 39.03 | 39.58 | 38.46 | 2 292 498 | |
Liquidity agreement
In relation to the renewed liquidity agreement with Kepler Cheuvreux announced on 2 September 2022, Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 6 500 shares during the period from 19 January 2023 to 25 January 2023 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 1 900 shares on Euronext Brussels.
The tables below provide an overview of the transactions under the liquidity agreement during the period from 19 January 2023 to 25 January 2023:
| Purchase of shares | |||||
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) |
| 19 January 2023 | 2 400 | 38.96 | 39.40 | 38.66 | 93 504 |
| 20 January 2023 | 500 | 38.80 | 38.80 | 38.80 | 19 400 |
| 23 January 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| 24 January 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| 25 January 2023 | 3 600 | 38.77 | 39.20 | 38.50 | 139 572 |
| Total | 6 500 | — | — | — | 252 476 |
| Sale of shares | |||||
| Date | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) |
| 19 January 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| 20 January 2023 | 1 000 | 39.05 | 39.20 | 38.90 | 39 050 |
| 23 January 2023 | 500 | 39.28 | 39.28 | 39.28 | 19 640 |
| 24 January 2023 | 400 | 39.50 | 39.50 | 39.50 | 15 800 |
| 25 January 2023 | 0 | 0.00 | 0.00 | 0.00 | 0 |
| Total | 1 900 | — | — | — | 74 490 |
The balance held by Bekaert under the liquidity agreement at the end of the period is 48 436 shares.
On 25 January 2023 after closing of the market, Bekaert holds 4 576 279 own shares, or 7.75% of the total number of the outstanding shares.
This information is also made available on the investor relations pages of our website.
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