Bekaert SA ( (GB:0OQJ) ) just unveiled an update.
Bekaert has provided an update on its share buyback program and liquidity agreement for the period from March 20 to March 26, 2025. During this period, the company repurchased 69,371 shares as part of its €25 million buyback initiative, with the intent to cancel all repurchased shares. Additionally, under its liquidity agreement with Kepler Cheuvreux, Bekaert bought 5,000 shares and sold 2,800 shares, resulting in a balance of 32,767 shares held under the agreement. As of March 26, 2025, Bekaert holds 2,833,880 own shares, representing 5.22% of its total outstanding shares. This strategic move is likely to impact the company’s market positioning and shareholder value.
More about Bekaert SA
Bekaert is a global technology company headquartered in Belgium, specializing in the material science of steel wire transformation and coating technologies. The company extends its expertise beyond steel to innovative materials and services for markets such as new mobility, sustainable construction, and energy transition. Founded in 1880, Bekaert employs 21,000 people worldwide and generated €4.0 billion in consolidated sales in 2024.
YTD Price Performance: 10.28%
Average Trading Volume: 1,966
Technical Sentiment Signal: Hold
Current Market Cap: €1.82B
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