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Ontex Group N.V. ( (GB:0QVQ) ) has provided an update.
Ontex Group N.V. announced the progress of its treasury share buy-back program, initially declared on November 25, 2024. As of February 7, 2025, Ontex has repurchased a total of 105,668 shares, increasing its holdings to 1,655,712 treasury shares, or 2.01% of the total issued shares. This initiative aims to support Ontex’s long-term incentive plans, with the program set to acquire a maximum of 1.5 million shares, thereby raising treasury holdings to 3.17% by June 30, 2025. The buy-back is conducted by an independent intermediary under a discretionary mandate, following authorization from a shareholders’ meeting.
More about Ontex Group N.V.
Ontex is a leading international developer and producer of baby, feminine, and adult care products, serving both retailers and the healthcare sector. Its innovative products are distributed in approximately 100 countries, and the company employs around 7,200 people across 14 countries, with its headquarters located in Aalst, Belgium. Ontex is listed on Euronext Brussels and is part of the Bel Mid® index.
YTD Price Performance: -4.33%
Average Trading Volume: 19,514
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €641.6M
For detailed information about 0QVQ stock, go to TipRanks’ Stock Analysis page.
