Ontex Group N.V. ( (GB:0QVQ) ) has issued an update.
Ontex Group N.V. announced the progress of its share buy-back program, which was initiated in December 2024 to acquire up to 1.5 million shares. During the week ending March 21, 2025, the company repurchased 98,948 shares on Euronext Brussels. This program is part of Ontex’s strategy to meet obligations under its long-term incentive plans and is expected to conclude by June 30, 2025. The buy-back is being executed by an independent intermediary under a discretionary mandate, reflecting Ontex’s commitment to enhancing shareholder value.
More about Ontex Group N.V.
Ontex is a leading international developer and producer of baby, feminine, and adult care products, catering to both retailers and the healthcare sector. The company’s innovative products are distributed in around 100 countries, and it employs approximately 7,000 people across 14 countries. Headquartered in Aalst, Belgium, Ontex is listed on Euronext Brussels and is part of the Bel Mid index.
YTD Price Performance: 3.97%
Average Trading Volume: 33,560
Technical Sentiment Signal: Sell
Current Market Cap: €707.1M
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