Date	Total repurchased shares	Weighted average price (in euro)	Total repurchased value (in euro)
27-Jul-22	24,020	49.96	1,199,964.74
28-Jul-22	23,678	50.68	1,199,982.10
29-Jul-22	22,534	52.31	1,178,688.19

 

The purchases above represent the completion of the current € 185 million share repurchase program under which a total of 5,123,961 shares were repurchased at an average price of € 36.10 per share. Details are available on Besi’s website.

This regular update of the transactions conducted under the share repurchase program is made public under the Market Abuse Regulation (No. 596/2014/EU).

New € 300 Million Share Repurchase Program

On July 21, 2022, Besi announced the initiation of a new € 300 million share repurchase program effective August 1, 2022. The program is aimed at general capital reduction purposes and to help offset dilution related to Besi’s Convertible Notes and shares issued under employee stock plans. It will be funded using Besi’s available cash resources, is expected to be completed by October 2023 and will represent approximately 7.5% of Besi’s outstanding shares based on Besi’s closing share price on July 20, 2022. At present, Besi has authority until October 29, 2023 to purchase up to 10% of its shares issued, or 8.1 million shares.

The new share repurchase program will be executed in accordance with industry best practices and in compliance with European buyback rules and regulations and may be suspended or discontinued at any time. The program will be managed by an independent brokerage firm. All purchases will be executed through Euronext Amsterdam and Multilateral Trading Facilities as defined by the Directive 2014/65/EU of the European Parliament and of the Council of May 15, 2014 on markets in financial instruments and subject to the rules of the relevant Exchange.

To read the full version of our press release, please download the PDF file.