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

        Update on the Share Buyback Program and the Liquidity Agreement Period from 27 July 2023 to 2 August 2023 Share Buyback Program On28 July 2023, Bekaert announced the start of the seventh tranche of its buyback program, for a total maximum consideration of up to € 30 million (the Seventh Tranche). 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 table below provides an overview of...

Zwevegem, 04/08/2023 (informazione.news - comunicati stampa - industria)

       

Update on the Share Buyback Program and the Liquidity Agreement

Period from 27 July 2023 to 2 August 2023

Share Buyback Program

On 28 July 2023, Bekaert announced the start of the seventh tranche of its buyback program, for a total maximum consideration of up to € 30 million (the Seventh Tranche). 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 table below provides an overview of the transactions under the Seventh Tranche of the Program during the period from 28 July 2023 to 2 August 2023:

  

Liquidity agreement

Bekaert has decided to pause as of 28 July 2023 the liquidity agreement with Kepler Cheuvreux, which was due to finish on 1 September 2023.

The tables below provide an overview of the transactions under the liquidity agreement carried out until 27 July 2023:

The balance held by Bekaert under the liquidity agreement at the end of the period is 48 757 shares.

On 2 August 2023 after closing of the market, Bekaert holds 2 544 051 own shares, or 4.55% 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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