Groupe Bruxelles Lambert (GB:0IN2) has released an update.
Groupe Bruxelles Lambert (GBL) reported the purchase of 88,083 of its own shares between September 2 and September 6, 2024, under its share repurchase program, at an average price of €68.91, totaling €6,070,004. As of September 6, GBL owns 11,024,722 shares, representing 8.0% of its outstanding capital, with 33.3% of its seventh share repurchase program executed. The firm has also suspended its liquidity contract with an independent financial institution after deciding to use a ‘safe harbour’ arrangement for market repurchases within a €500 million envelope.
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