Van de Velde NV Executes Share Buyback Strategy

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

Van de Velde NV, known for its high-quality lingerie brands, has utilized excess cash to repurchase 5,650 of its own shares on the Euronext Brussels, with an average price of €31.32 per share and a total investment of €176,940. The company’s share buyback, which now totals 340,791 shares, is part of a strategy approved by the Board under an authorization granted in April 2022. This move represents 2.6 percent of Van de Velde NV’s total shares, reflecting the company’s commitment to enhancing shareholder value.

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