Date	Total repurchased shares	Weighted average price (in euro)	Total repurchased value (in euro)
26-Aug-24	6,492	119.13	773,419.88
27-Aug-24	6,591	117.35	773,466.37
28-Aug-24	6,460	119.72	773,385.39
29-Aug-24	6,414	120.58	773,409.74
30-Aug-24	6,563	118.41	777,135.33

 

Under this program, a total of 451,356 shares were repurchased at an average price of € 132.93 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 € 100 Million Share Repurchase Program

Besi will initiate a new € 100 million share repurchase program effective September 1, 2024. 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 2025. At present, Besi has authority until October 25, 2025 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.