Bekaert Updates on Share Buyback and Liquidity Agreement

An update from Bekaert SA ( (GB:0OQJ) ) is now available.

Bekaert has provided an update on its share buyback program and liquidity agreement for the period between January 23 and January 29, 2025. During this time, the company repurchased 51,335 shares as part of its ongoing €25 million buyback initiative, aimed at reducing outstanding shares. Additionally, under its liquidity agreement with Kepler Cheuvreux, Bekaert bought 4,050 shares and sold 2,150 shares, holding a balance of 42,305 shares. Currently, Bekaert holds 2,464,714 own shares, accounting for 4.54% of the total outstanding shares, indicating a strategic move to strengthen its market position and shareholder value.

More about Bekaert SA

Bekaert, a global leader in steel wire transformation and coating technologies, aims to shape the future of mobility, construction, and energy sustainably and innovatively. Founded in 1880 and headquartered in Belgium, Bekaert employs 24,000 people worldwide, generating €5.3 billion in 2023.

YTD Price Performance: 2.63%

Average Trading Volume: 1,984

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €1.7B

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