Van de Velde NV Executes Share Buyback

Van de Velde NV (GB:0IWV) has released an update.

Van de Velde NV has implemented a share buyback strategy to mitigate its excessive cash position, purchasing 4,235 shares at an average price of €30.92/share on the Euronext Brussels. This move, authorized by an extraordinary general meeting, results in the company holding 2.7 percent of its total shares, as it continues to empower women through its high-quality lingerie brands and international boutique partnerships.

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