Bekaert Holds 7.75% of Outstanding Shares Following Share Buyback and Liquidity Agreement Transactions

Bekaert Holds 7.75% of Outstanding Shares Following Share Buyback and Liquidity Agreement Transactions

(IN BRIEF) Bekaert, a world market and technology leader in steel wire transformation and coating technologies, announced an update on its Share Buyback Program and the Liquidity Agreement. The company had previously announced a €120 million program to buy back its own shares, which was split into four tranches of €30 million each. During the period from 19 January 2023 to 25 January 2023, Bekaert has bought 58,741 shares through the fourth tranche of the program. The purpose of the program is to reduce the issued share capital of the company. Additionally, Bekaert also announced that it has bought 6,500 shares and sold 1,900 shares through the liquidity agreement with the same period. Bekaert holds 4,576,279 own shares, or 7.75% of the total outstanding shares, as of 25 January 2023.

(PRESS RELEASE) ZWEVEGEM, 27-Jan-2023 — /EuropaWire/ — Bekaert (EBR: BEKB), a world market and technology leader in steel wire transformation and coating technologies, announced an update on its Share Buyback Program and the Liquidity Agreement. The period for the update is from January 19, 2023 to January 25, 2023.

Bekaert announced a €120 million program to buy back its own shares on February 25, 2022. The program was divided into four tranches of €30 million each, and all shares bought as part of the program will be canceled. The purpose of the program is to reduce the issued share capital of the company.

The fourth and final tranche of the program started on November 18, 2022. During the period from January 19, 2023 to January 25, 2023, Kepler Cheuvreux, on behalf of Bekaert, bought 58,741 shares.

In relation to the renewed liquidity agreement with Kepler Cheuvreux announced on September 2, 2022, Bekaert also announced that Kepler Cheuvreux, on behalf of Bekaert, has bought 6,500 shares during the period from January 19, 2023 to January 25, 2023 on Euronext Brussels. During the same period, Kepler Cheuvreux, on behalf of Bekaert, has sold 1,900 shares on Euronext Brussels.

The balance held by Bekaert under the liquidity agreement at the end of the period is 48,436 shares. On January 25, 2023, after the closing of the market, Bekaert holds 4,576,279 own shares, or 7.75% of the total number of outstanding shares.

This information is also available on the investor relations pages of Bekaert’s website.

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

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

SOURCE: Bekaert

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