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

       

Update on the Share Buyback Program and the Liquidity Agreement

Period from 2 February 2023 to 8 February 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 2 February 2023 to 8 February 2023, Kepler Cheuvreux on behalf of Bekaert has bought 77 132 shares.

The table below provides an overview of the transactions under the fourth tranche of the Program during the period from 2 February 2023 to 8 February 2023:

	Repurchase of shares
Date	Market	Number of Shares	Average Price paid (€)	Highest Price paid (€)	Lowest Price paid (€)	Total Amount (€)
2 February 2023	Euronext Brussels	6 685	39.40	39.66	38.86	263 389
	MTF CBOE	4 086	39.42	39.66	38.94	161 070
	MTF Turquoise	734	39.41	39.62	39.08	28 927
	MTF Aquis	1 485	39.42	39.66	38.86	58 539
3 February 2023	Euronext Brussels	7 377	39.96	40.36	39.30	294 785
	MTF CBOE	4 472	40.01	40.36	39.54	178 925
	MTF Turquoise	879	40.02	40.36	39.30	35 178
	MTF Aquis	1 667	40.01	40.36	39.52	66 697
6 February 2023	Euronext Brussels	8 708	39.90	40.12	39.58	347 449
	MTF CBOE	5 163	39.90	40.12	39.58	206 004
	MTF Turquoise	1 023	39.92	40.10	39.72	40 838
	MTF Aquis	1 931	39.91	40.12	39.62	77 066
7 February 2023	Euronext Brussels	8 511	40.03	40.20	39.74	340 695
	MTF CBOE	5 167	40.02	40.16	39.72	206 783
	MTF Turquoise	1 007	40.04	40.16	39.86	40 320
	MTF Aquis	1 935	40.03	40.20	39.74	77 458
8 February 2023	Euronext Brussels	8 394	39.86	40.04	39.68	334 585
	MTF CBOE	5 009	39.88	40.06	39.66	199 759
	MTF Turquoise	998	39.85	40.08	39.66	39 770
	MTF Aquis	1 901	39.87	40.04	39.62	75 793
Total		77 132	39.85	40.36	38.86	3 074 030

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 1 600 shares during the period from 2 February 2023 to 8 February 2023 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 6 500 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 2 February 2023 to 8 February 2023:

	Purchase of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
2 February 2023	0	0.00	0.00	0.00	0
3 February 2023	0	0.00	0.00	0.00	0
6 February 2023	400	39.80	39.80	39.80	15 920
7 February 2023	0	0.00	0.00	0.00	0
8 February 2023	1 200	39.73	39.80	39.60	47 676
Total	1 600	—	—	—	63 596

	Sale of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
2 February 2023	3 000	39.49	39.64	39.20	0
3 February 2023	3 100	39.93	40.40	39.64	123 783
6 February 2023	0	0.00	0.00	0.00	0
7 February 2023	0	0.00	0.00	0.00	0
8 February 2023	400	40.00	40.00	40.00	16 000
Total	6 500	—	—	—	139 783

The balance held by Bekaert under the liquidity agreement at the end of the period is 40 736 shares.

On 8 February 2023 after closing of the market, Bekaert holds 4 715 020 own shares, or 7.99% of the total number of the outstanding shares.

This information is also made available on the investor relations pages of our website. 

 

Attachment

• p230210E - Bekaert - Update on the Share Buyback Program and the Liquidity Agreement