Royal BAM Group nv has repurchased 630,693 of its own shares in the period from 10 July 2023 up to and including 14 July 2023 at an average price of €1.94. The consideration for this repurchase was €1.2 million.
The repurchased shares represent 70 per cent of BAM’s share buy-back programme for 9,351,489 ordinary shares as confirmed on 9 May 2023, to offset for the dilution effect due to the issue of stock dividend and to fulfill BAM’s obligations for the various running share-based employee incentive schemes vesting up to April 2026.
An overview of all weekly transactions with aggregated numbers of repurchased shares is published by BAM
Share buy-back programme
On 9 May 2023, BAM has announced the Group will buy back up to 9.4 million shares to offset for the dilution effect due to the issue of stock dividend and to fulfill its obligations for the various running share-based employee incentive schemes vesting up to April 2026.
The share buyback is executed upon the specific authorisation granted by the Annual General Meeting of 12 April 2023 and started on 9 May 2023. The programme will end on 9 November 2023 at the latest.
Overview weekly transactions
Start date: 9 May 2022
Ultimate end date: 9 November 2023
Total number of shares to be purchased in programme: 9,351,489
| Week | Number of repurchased shares | Average purchase price (€) | Settlement amount (€) | % *) |
|---|---|---|---|---|
| 9 May – 12 May | 676,812 | 1.91 | 1.3 million | 7 |
| 15 May – 19 May | 719,803 | 1.90 | 1.4 million | 15 |
| 22 May – 26 May | 729,685 | 1.93 | 1.4 million | 23 |
| 29 May – 2 June | 625,294 | 1.92 | 1.2 million | 29 |
| 5 June – 9 June | 612,265 | 1.97 | 1.2 million | 36 |
| 12 June – 16 June | 519,809 | 1.95 | 1.0 million | 42 |
| 19 June – 23 June | 671,525 | 1.87 | 1.3 million | 49 |
| 26 June – 30 June | 844,993 | 1.77 | 1.5 million | 58 |
| 3 July – 7 July | 494,993 | 1.81 | 0.9 million | 63 |
| 10 July – 14 July | 630,693 | 1.94 | 1.2 million | 70 |
Source link:https://www.bam.com/
