Van de Velde NV Executes Share Buyback Plan

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

Van de Velde NV has strategically reduced its cash surplus by repurchasing 5,040 of its own shares on the Euronext Brussels, spending a total of €164,555 at an average price of €32.65 per share. This buyback is part of the company’s ongoing share repurchase plan, which is backed by the Board of Directors under the authorization from the general meeting of April 27, 2022. Van de Velde, known for its quality lingerie brands, now holds 2.5% of its total shares.

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