BE Semiconductor (GB:0XVE) has released an update.
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BE Semiconductor Industries N.V. (Besi) has successfully completed its €60 million share repurchase program and is launching a new €100 million program aimed at reducing general capital and mitigating dilution from convertible notes and employee stock plans. The new buyback initiative, starting on September 1, 2024, will be executed in compliance with European regulations and is expected to conclude by October 2025. Besi, a leading supplier in the semiconductor sector, finances the repurchase with its available cash resources.
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