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

       

Update on the Share Buyback Program and the Liquidity Agreement

Period from 9 March 2023 to 15 March 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 9 March 2023 to 15 March 2023, Kepler Cheuvreux on behalf of Bekaert has bought 114 559 shares.

The table below provides an overview of the transactions under the fourth tranche of the Program during the period from 9 March 2023 to 15 March 2023:

	Repurchase of shares
Date	Market	Number of Shares	Average Price paid (€)	Highest Price paid (€)	Lowest Price paid (€)	Total Amount (€)
9 March 2023	Euronext Brussels	10 633	44.82	45.18	44.50	476 571
	MTF CBOE	6 456	44.82	45.18	44.54	289 358
	MTF Turquoise	1 085	44.82	45.18	44.50	48 630
	MTF Aquis	2 567	44.82	45.20	44.50	115 053
10 March 2023	Euronext Brussels	11 386	42.81	43.56	42.40	487 435
	MTF CBOE	6 917	42.81	43.42	42.42	296 117
	MTF Turquoise	1 098	42.83	43.42	42.46	47 027
	MTF Aquis	2 612	42.85	43.46	42.40	111 924
13 March 2023	Euronext Brussels	11 645	40.72	42.60	39.96	474 184
	MTF CBOE	7 071	40.62	42.34	40.04	287 224
	MTF Turquoise	1 199	40.60	42.34	40.06	48 679
	MTF Aquis	2 687	40.62	42.34	40.04	109 146
14 March 2023	Euronext Brussels	11 686	41.25	41.56	40.64	482 048
	MTF CBOE	7 918	41.27	41.50	40.66	326 776
	MTF Turquoise	1 248	41.25	41.50	40.64	51 480
	MTF Aquis	2 847	41.28	41.54	40.64	117 524
15 March 2023	Euronext Brussels	12 763	40.41	41.60	39.72	515 753
	MTF CBOE	8 402	40.39	41.58	39.86	339 357
	MTF Turquoise	1 324	40.36	41.58	39.86	53 437
	MTF Aquis	3 015	40.41	41.58	39.90	121 836
Total		114 559	41.90	45.20	39.72	4 799 559

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 22 762 shares during the period from 9 March 2023 to 15 March 2023 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 3 600 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 9 March 2023 to 15 March 2023:

	Purchase of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
9 March 2023	2 400	44.69	44.90	44.50	107 256
10 March 2023	3 872	43.49	43.68	42.40	168 393
13 March 2023	9 490	40.73	42.38	39.90	386 528
14 March 2023	400	40.44	40.44	40.44	16 176
15 March 2023	6 600	40.11	41.20	39.50	264 726
Total	22 762				943 079

	Sale of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
9 March 2023	400	45.20	45.20	45.20	18 080
10 March 2023	0	0.00	0.00	0.00	0
13 March 2023	0	0.00	0.00	0.00	0
14 March 2023	2 200	41.26	41.40	40.90	90 772
15 March 2023	1 000	41.55	41.60	41.50	41 550
Total	3 600				150 402

The balance held by Bekaert under the liquidity agreement at the end of the period is 46 500 shares.

On 15 March 2023 after closing of the market, Bekaert holds 2 543 312 own shares, or 4.46% of the total number of the outstanding shares.

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

 

Attachment

• p230317E - Bekaert - Update on the Share Buyback Program and the Liquidity Agreement