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

       

Update on the Share Buyback Program and the Liquidity Agreement

Period from 30 March 2023 to 5 April 2023

Share Buyback Program
On 1 March 2023, Bekaert announced the continuation of its program to buy back own shares for an additional amount of up to € 120 million (the "Program") and the immediate start of a fifth tranche of the Program for an aggregate amount of up to € 30 million. 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.

Bekaert announces today that during the period from 30 March 2023 to 5 April 2023, Kepler Cheuvreux on behalf of Bekaert has bought 99 483 shares.

The table below provides an overview of the transactions under the fourth tranche of the Program during the period from 30 March 2023 to 5 April 2023:

	Repurchase of shares
Date	Market	Number of Shares	Average Price paid (€)	Highest Price paid (€)	Lowest Price paid (€)	Total Amount (€)
30 March 2023	Euronext Brussels	10 253	41.55	41.72	41.26	426 012
	MTF CBOE	7 128	41.56	41.72	41.18	296 240
	MTF Turquoise	1 090	41.56	41.72	41.24	45 300
	MTF Aquis	2 442	41.55	41.78	41.22	101 465
31 March 2023	Euronext Brussels	10 354	41.82	42.10	41.50	433 004
	MTF CBOE	7 123	41.82	42.02	41.54	297 884
	MTF Turquoise	1 147	41.81	42.02	41.56	47 956
	MTF Aquis	2 331	41.82	42.06	41.50	97 482
3 April 2023	Euronext Brussels	11 748	41.37	41.58	41.20	486 015
	MTF CBOE	7 143	41.36	41.54	41.18	295 434
	MTF Turquoise	1 036	41.37	41.48	41.20	42 859
	MTF Aquis	1 931	41.37	41.52	41.20	79 885
4 April 2023	Euronext Brussels	7 110	41.44	41.78	41.26	294 638
	MTF CBOE	4 639	41.41	41.58	41.26	192 101
	MTF Turquoise	923	41.44	41.72	41.28	38 249
	MTF Aquis	1 686	41.42	41.62	41.28	69 834
5 April 2023	Euronext Brussels	10 149	41.06	41.40	40.70	416 718
	MTF CBOE	7 595	41.06	41.36	40.66	311 851
	MTF Turquoise	1 123	41.10	41.36	40.96	46 155
	MTF Aquis	2 532	41.11	41.36	40.88	104 091
Total		99 483	41.45	42.10	40.66	4 123 173

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 5 700 shares during the period from 30 March 2023 to 5 April 2023 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 5 800 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 30 March 2023 to 5 April 2023:

	Purchase of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
30 March 2023	0	0.00	0.00	0.00	0
31 March 2023	800	41.70	41.80	41.60	33 360
3 April 2023	2 400	41.35	41.50	41.20	99 240
4 April 2023	0	0.00	0.00	0.00	0
5 April 2023	2 500	40.79	41.10	40.58	101 975
Total	5 700				234 575

	Sale of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
30 March 2023	2 200	41.40	41.60	41.00	91 080
31 March 2023	1 600	41.93	42.00	41.80	67 088
3 April 2023	0	0.00	0.00	0.00	0
4 April 2023	1 600	41.66	41.80	41.44	66 656
5 April 2023	400	41.30	41.30	41.30	16 520
Total	5 800				241 344

The balance held by Bekaert under the liquidity agreement at the end of the period is 42 882 shares.

On 5 April 2023 after closing of the market, Bekaert holds 2 856 323 own shares, or 5.01% of the total number of the outstanding shares.

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

 

Attachment

• p230407E - Bekaert - Update on the Share Buyback Program and the Liquidity Agreement