Van de Velde NV Executes Share Buyback Plan

Van de Velde NV (GB:0IWV) has released an update.

Belgian lingerie company Van de Velde NV has bought back 13,649 of its own shares to utilize excess cash, spending a total of €406,984.80 with an average price of €29.82 per share. This action, taken by the Board of Directors, follows the authorization from an extraordinary general meeting and has resulted in the company now holding 3.1 percent of its total shares. Van de Velde, known for brands like PrimaDonna and Marie Jo, operates in Europe and North America and partners with around 3,600 independent boutiques.

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