Update on Bekaert’s Share Buyback Program and Liquidity Agreement
Overview of the Share Buyback Program
Bekaert, a significant player in the steel wire and specialty materials sector, recently made headlines with the launch of the next tranche of its share buyback program. Announced on 26 February 2026, this initiative intends to repurchase shares worth up to €75 million. Aimed at enhancing shareholder value, the program focuses on cancelling repurchased shares, thus signaling Bekaert’s commitment to optimizing its capital structure.
From 5 March 2026 to 11 March 2026, Bekaert engaged Kepler Cheuvreux SA to handle the repurchase of shares. During this timeframe, a total of 61,822 shares were successfully bought back, a move that reinforces the company’s strategy to return value to its shareholders.
Detailed Transaction Overview
The following table summarizes the transactions conducted during the aforementioned period:
| Date | Market | Number of Shares | Average Price (€) | Highest Price (€) | Lowest Price (€) | Total Amount (€) |
|---|---|---|---|---|---|---|
| 5 March 2026 | Euronext Brussels | 8,717 | 41.68 | 42.10 | 41.35 | 363,325 |
| 6 March 2026 | Euronext Brussels | 6,502 | 40.59 | 41.60 | 40.15 | 263,916 |
| 9 March 2026 | Euronext Brussels | 9,000 | 39.23 | 39.45 | 38.80 | 353,070 |
| 10 March 2026 | Euronext Brussels | 5,669 | 40.51 | 40.80 | 40.10 | 229,651 |
| 11 March 2026 | Euronext Brussels | 6,570 | 40.59 | 40.80 | 40.25 | 266,676 |
| Total | 61,822 | 40.50 | 42.10 | 38.75 | 2,503,791 |
This detailed breakdown portrays not just the quantities of shares involved, but also the market dynamics reflected in the pricing.
Insights into the Liquidity Agreement
Alongside the share buyback program, Bekaert has also renewed its liquidity agreement with Kepler Cheuvreux, announced on 25 June 2024. This agreement is instrumental in enhancing the liquidity of Bekaert’s stock, ensuring smoother operations within the market. Between 5 March 2026 and 11 March 2026, Kepler Cheuvreux managed to buy 5,546 shares and sold 2,401 shares on Euronext Brussels on behalf of Bekaert, a testament to their active role in the liquidity facilitation.
Here’s an overview of those transactions:
Purchases:
| Date | Number of Shares | Average Price (€) | Total Amount (€) |
|---|---|---|---|
| 5 March 2026 | 1,446 | 41.59 | 60,139 |
| 6 March 2026 | 1,400 | 40.64 | 56,896 |
| 9 March 2026 | 2,000 | 39.16 | 78,320 |
| 10 March 2026 | 0 | 0.00 | 0 |
| 11 March 2026 | 700 | 40.59 | 28,413 |
| Total | 5,546 | 223,768 |
Sales:
| Date | Number of Shares | Average Price (€) | Total Amount (€) |
|---|---|---|---|
| 5 March 2026 | 0 | 0.00 | 0 |
| 6 March 2026 | 0 | 0.00 | 0 |
| 9 March 2026 | 200 | 39.45 | 7,890 |
| 10 March 2026 | 2,201 | 40.30 | 88,700 |
| 11 March 2026 | 0 | 0.00 | 0 |
| Total | 2,401 | 96,590 |
The liquidity agreement, alongside the share repurchase strategy, showcases Bekaert’s proactive stance in enhancing market stability and shareholder confidence.
This multifaceted approach, encompassing both share buybacks and liquidity agreements, illustrates Bekaert’s commitment to optimizing its market performance and shareholder value while ensuring active engagement with market participants. As investors keep a watchful eye on these developments, Bekaert’s strategy appears robust in addressing both immediate market conditions and long-term growth objectives.
