Correction to the press release ‘Bekaert to implement liquidity agreement with Kepler Cheuvreux’ of 25 June 2024
26 Junio 2024 - 10:45AM
Correction to the press release ‘Bekaert to implement liquidity
agreement with Kepler Cheuvreux’ of 25 June 2024
Correction to the press release ‘Bekaert to implement
liquidity agreement with Kepler Cheuvreux’ of 25 June
2024
Average closing share price has been corrected.
Bekaert announces that it has entered today into a liquidity
agreement with Kepler Cheuvreux in relation to its ordinary shares
admitted to trading on Euronext Brussels (ISIN Code BE0974258874).
This liquidity agreement provides for the purchase and sale of
Bekaert shares by Kepler Cheuvreux on the regulated market of
Euronext Brussels and with the purpose of supporting the liquidity
of the Bekaert shares.
Kepler Cheuvreux will be acting on behalf of Bekaert and on a
discretionary basis, as authorized by the Extraordinary General
Meeting of Bekaert of 13 May 2020. The liquidity program will start
on 1 July 2024 for a 12-month renewable period. To execute the
liquidity agreement, Bekaert is making € 3.5 million available to
Kepler Cheuvreux.
In accordance with the conditions specified by this
Extraordinary General Meeting (i) the total number of own shares
held by Bekaert pursuant to such authorization shall never exceed
twenty per cent of the total number of Bekaert shares outstanding
and (ii) the acquisitions of the shares must be made at a price
ranging between one euro and thirty per cent above the arithmetic
average of the closing price of the Bekaert share during the last
thirty trading days preceding the resolution of the board of
directors implementing the authorization of the Extraordinary
General Meeting (which average closing price was € 46.26 per
share).
Weekly reports will be provided on the transactions by means of
press releases published on the Bekaert website:
https://www.bekaert.com/en/about-us/news-room/regulated-information.
- p240626E - Correction to the press release ‘Bekaert to
implement liquidity agreement with Kepler Cheuvreux’ of 25 June
2024
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