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Aalberts reports the progress of its share buyback programme 26 May – 30 May 2025
GlobeNewswire· Globenewswire·2025-06-03 05:30

Core Viewpoint - Aalberts has initiated a share buyback program, repurchasing shares to enhance shareholder value and intends to cancel the repurchased shares [1][2]. Group 1: Share Buyback Details - Aalberts repurchased 2,500 shares from May 26 to May 30, 2025, for a total of EUR 77,389, averaging EUR 30.96 per share [1]. - The total share buyback program, announced on February 27, 2025, is set for EUR 75 million, starting on February 28, 2025, and concluding by October 24, 2025 [2]. - As of May 30, 2025, a cumulative total of 1,837,869 shares has been repurchased for EUR 54,832,159 [2]. Group 2: Execution and Compliance - An intermediary has been engaged to conduct the share repurchases in the open market, independent of Aalberts [3]. - The buyback program is executed within the authority granted by the Annual General Meeting on May 23, 2024, and adheres to the Market Abuse Regulation and safe harbour parameters [3]. Group 3: Additional Information - Weekly progress of the share buyback can be tracked on the company's dedicated website [4]. - The press release is issued in compliance with EU regulations regarding disclosure and reporting obligations for buyback programs [5].