Van de Velde NV ( (GB:0IWV) ) just unveiled an update.
Van de Velde NV’s Board of Directors has executed a share buyback program on the Euronext Brussels stock exchange, purchasing 4,165 shares at an average price of €30.55 per share, totaling €127,256.60. This buyback, authorized at the 2022 general meeting, reflects the company’s confidence in its strategic direction and increases its holdings to 239,553 shares, representing 1.9% of the total shares, which could potentially impact its market positioning and shareholder value.
More about Van de Velde NV
Van de Velde NV is a company that designs and produces high-quality fashionable lingerie under the brands PrimaDonna, Marie Jo, and Sarda. The company focuses on empowering women by enhancing their confidence and self-image through well-fitting lingerie. Van de Velde operates primarily in the European and North American markets, collaborating with 3,600 independent lingerie boutiques worldwide and managing its own retail brands, Rigby & Peller and Lincherie. The company employs 1,500 people and is listed on Euronext Brussels.
YTD Price Performance: 3.92%
Average Trading Volume: 292
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €385.8M
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