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27 Oct 2023

BE Semiconductor Industries N.V. Completes € 300 Million Share Repurchase Program. New € 60 Million Repurchase Program Initiated

Duiven, the Netherlands, October 27, 2023 - BE Semiconductor Industries N.V. (the "Company" or "Besi") (Euronext Amsterdam: BESI; OTC: BESIY) reports the following transactions, conducted under its share repurchase program announced on July 21, 2022.

Date Total repurchased shares Weighted average price
(in euro)
Total repurchased value
(in euro)
20-Oct-23 8,088 86.54 699,933.90
23-Oct-23 8,158 85.80 699,956.40
24-Oct-23 8,033 87.14 699,990.00
25-Oct-23 7,929 88.29 699,995.11
26-Oct-23 96 95.68 9,185.40
27-Oct-23 8,807 97.69 860,322.36


The purchases above represent the completion of the current € 300 million share repurchase program under which a total of 4,293,752 shares were repurchased at an average price of € 69.87 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).

Next € 60 Million Share Repurchase Program

On October 26, 2023, Besi announced the initiation of a new € 60 million share repurchase program effective November 1, 2023. 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 and is expected to be completed by October 2024. At present, Besi has authority until October 26, 2024 to purchase up to 10% of its shares issued, or 8.1 million shares.

The 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.

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

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