Van de Velde NV Executes Share Buyback Program

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

Van de Velde NV has bought back 4,795 of its own shares at an average price of €29.77 per share, spending a total of €142,763.90, to manage excess cash. This purchase is part of a share buyback program authorized by shareholders, bringing the company’s total own shares to 358,992, representing 2.7% of its total shares. Van de Velde, known for its high-quality lingerie brands, continues to empower women globally, operating mainly in Europe and North America with a workforce of 1,500 employees.

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