Van de Velde NV Optimizes Capital with Share Buyback

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

Van de Velde NV has utilized its excess cash to buy back 6,953 of its own shares at an average price of €29.97 per share, totaling €208,360.30, in an effort to optimize its capital structure. This transaction, executed between September 26 and October 4, 2024, on the Euronext Brussels, brings the company’s total own shares to 412,300, representing 3.2% of its total shares. Van de Velde, known for its high-quality lingerie brands, continues to support women’s self-confidence through its products and services.

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