Antwerp, Belgium, 27 March 2024 – 6.00pm CET – Regulated information
Azelis LTIP Share Buyback Program 2024 – Update
In accordance with article 8:4 of the Royal Decree of 29 April 2019 executing the Belgian Code of Companies and Associations, Azelis Group NV (the “Company” or “Azelis”) hereby reports on the buyback of Azelis shares under the Share Buyback Program 2024.
Under the Share Buyback Program 2024, Azelis has mandated an independent financial intermediary to buy back up to 130,000 ordinary shares, for a total maximum amount of EUR 2,800,000, starting on 12 March 2024, to cover future obligations under the Long-Term Incentive Plan of the Company.
In the framework of this Share Buyback Program 2024, the Company has purchased 77,000 shares in the period from 18 March 2024 up to and including 26 March 2024, as follows:
Trade date | Total shares purchased | Average price | Minimum price paid | Maximum price paid | Buyback amount |
March 18, 2024 | 16,000 | 19.02 € | 18.80 € | 19.57 € | 304,363.20 € |
March 19, 2024 | 15,000 | 18.67 € | 18.57 € | 18.82 € | 280,020.00 € |
March 20, 2024 | 12,000 | 18.91 € | 18.50 € | 18.97 € | 226,941.60 € |
March 21, 2024 | 8,000 | 19.90 € | 18.89 € | 20.22 € | 159,197.60 € |
March 22, 2024 | 10,000 | 20.15 € | 19.97 € | 20.28 € | 201,515.00 € |
March 25, 2024 | 8,000 | 19.99 € | 19.85 € | 20.20 € | 159,902.40 € |
March 26, 2024 | 8,000 | 20.06 € | 19.79 € | 20.14 € | 160,496.80 € |
Since the start of the implementation of the Share Buyback Program 2024, Azelis has bought back 130,000 shares on Euronext Brussels for a total amount of EUR 2,507,124.50. This corresponds to 0.056 % of the total shares outstanding. Last week and this week’s purchases complete the Share Buyback Program 2024.
An overview of the Share Buyback Program 2024 is available on the investor relations pages of Azelis' website under the section “Shareholder Information/ Share buyback program”, and this press release is as well available under the section "Regulated Information".
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