Agfa-Gevaert : Share buyback program 2021 completed – regulated information
June 13 2022 - 11:40AM
Agfa-Gevaert : Share buyback program 2021 completed – regulated
information
Mortsel, Belgium – June 13, 2022 – 5:40
p.m. CET
Within the framework of the share buyback program
which was announced in the press release of March 10, 2021,
Agfa-Gevaert NV proceeded with the purchase of own shares on the
market of Euronext Brussels.
The authorization to acquire own shares was
granted to the Board of Directors by the Extraordinary General
Meeting of Shareholders of May 12, 2020.
Agfa-Gevaert NV has requested a financial
intermediary to repurchase Agfa-Gevaert shares for a maximum
amount of 50,000,000 Euro on its behalf under the terms of an
initial discretionary mandate agreement with validity until March
31, 2022, effective as from April 1, 2021.
On March 8, 2022, the Board of Directors decided
to extend the 2021 Share Buyback through March 31, 2023 (the
‘Extended Share Buyback Program 2021’).
As a result of the decision of the Board of
Directors on March 9, 2021, the company, by notarial deed dated
March 30, 2022, cancelled a total of 2,299,218 treasury shares.
This decision was taken in accordance with the authorization
granted to the Board of Directors by the Extraordinary General
Meeting of Shareholders on May 12, 2020. As a consequence, the new
number of outstanding shares (denominator) is 158,207,488.
On transaction date June 9, 2022, the Agfa-Gevaert
Group held 3,386,960 own shares, which represents 2.14% of the
total number of shares of the Group.
Detailed operations per day:
|
Transaction date |
Number of shares |
Average price (€) |
Minimum price (€) |
Maximum price (€) |
Total price (€) |
|
|
|
|
|
|
|
|
June 6, 2022 |
56,776 |
4.0101 |
3.9850 |
4.0400 |
227,677.44 |
|
June 7, 2022 |
61,386 |
3.9964 |
3.9800 |
4.0050 |
245,323.01 |
|
June 8, 2022 |
60,580 |
3.9733 |
3.9450 |
4.0000 |
240,702.51 |
|
June 9, 2022 |
53,872 |
3.9325 |
3.9050 |
3.9700 |
211,851.64 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
232,614 |
3.9789 |
|
|
925,554.60 |
Since the beginning of the share buyback program
until June 9th, 2022, based on the transaction date, the
Agfa-Gevaert Group bought 12,930,662 own shares for a total amount
of 49,999,997.30 Euro, representing 7.71% of the total outstanding
shares on April 1, 2021.
With this announcement, Agfa-Gevaert NV has
completed its share buyback program that had started on April 1,
2021.
Over the total buyback of 12,930,662 shares,
Agfa-Gevaert NV paid an average price of 3.8668 Euro per share.
About Agfa
The Agfa-Gevaert Group is a leading company in
imaging technology and IT solutions with over 150 years of
experience. The Group holds four divisions: Radiology Solutions,
HealthCare IT, Digital Print & Chemicals and Offset Solutions.
They develop, manufacture and market analogue and digital systems
for the healthcare sector, for specific industrial applications and
for the printing industry. In 2021, the Group realized a turnover
of 1,760 million Euro.
Contact:
Viviane Dictus Director Corporate
Communication T +32 (0) 3 444 71 24 E viviane.dictus@agfa.com
Johan JacobsCorporate Press
Relations ManagerT +32 (0)3/444 80 15E johan.jacobs@agfa.com
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