Ontex Advances Share Buy-Back Program to Support Incentive Plans

Ontex Group N.V. ( (GB:0QVQ) ) just unveiled an announcement.

Ontex Group NV has announced the acquisition of 92,411 treasury shares as part of its ongoing share buy-back program, initially launched on December 2, 2024. This program aims to acquire up to 1.5 million shares, with the objective of increasing the company’s treasury shares from 1.35% to 3.17% of the total issued shares, supporting its long-term incentive plans. The program is set to conclude by June 30, 2025, and is executed by an independent intermediary under a discretionary mandate.

More about Ontex Group N.V.

Ontex is a leading international developer and producer of baby, feminine, and adult care products, catering to both retailers and the healthcare sector. With a presence in 14 countries and products distributed in around 100 countries, Ontex employs approximately 7,200 people and is headquartered in Aalst, Belgium. The company is listed on Euronext Brussels and is part of the Bel Mid® index.

YTD Price Performance: 0%

Average Trading Volume: 8,932

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €665M

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