Ontex Advances Share Buyback Program to Support Bonus Plans

Ontex Group N.V. ( (GB:0QVQ) ) has issued an update.

Ontex Group N.V. has reported progress in its share buyback program, initially announced in November 2024. During the week ending February 14, 2025, the company repurchased 57,000 shares on Euronext Brussels, bringing its total holdings to 1,712,712 shares or 2.08% of the total issued shares. The buyback program aims to acquire up to 1.5 million shares, increasing Ontex’s shareholdings from 1.35% to 3.17% by June 30, 2025. The repurchased shares will support Ontex’s current and future long-term bonus plans, showcasing the company’s strategic approach to managing its capital and incentivizing stakeholders.

More about Ontex Group N.V.

Ontex is a leading international developer and producer of products in baby care, feminine hygiene, and adult care, serving retailers and healthcare providers. Their innovative products are distributed in approximately 100 countries and the company employs around 7,200 people globally, with headquarters in Aalst, Belgium. Ontex is listed on Euronext Brussels and is part of the Bel Mid index.

YTD Price Performance: -1.68%

Average Trading Volume: 20,569

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €657.7M

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