Ontex to buy back up to 1.5 million shares
25 Novembro 2024 - 4:00AM
UK Regulatory
Ontex to buy back up to 1.5 million shares
Inside information
Aalst, Belgium, November 25, 2024 – Ontex Group
NV, a leading international developer and producer of personal care
products, announces the launch of a share buy-back program to
acquire a maximum of 1.5 million shares, representing 1.8% of its
issued shares. The shares acquired through the program will
contribute to meeting Ontex’s obligations under its current and
future long-term incentive plans. The share purchases will be
spread over a seven-month period, starting on December 1, 2024 and
ending on June 30, 2025.
The program will be conducted under the terms
and conditions of the authorization granted by the extraordinary
shareholders’ meeting held on May 5, 2023, and will be executed by
an independent intermediary, who will make its decisions
independently pursuant to a discretionary mandate. The timing of
the transactions will depend on a variety of factors, including
market conditions. The share buy-back program may be suspended or
discontinued at any time.
In accordance with applicable laws and
regulations, Ontex will publish weekly updates on the progress of
its share purchases. During the term of the share buy-back program,
Ontex’s liquidity contract will be suspended. As Ontex currently
already holds 1.2 million shares in treasury, it will hold 2.7
million treasury shares upon completion of the program,
representing 3.2% of its issued shares.
Enquiries
-
Investors Geoffroy
Raskin
+32 53 33 37 30
investor.relations@ontexglobal.com
-
Media
Catherine Weyne +32
53 33 36 22
corporate.communications@ontexglobal.com
About Ontex
Ontex is a leading international developer and
producer of baby, feminine and adult care products, both for
retailers and the healthcare sector. Ontex’s innovative products
are distributed in around 100 countries through retailers and
healthcare providers. Employing some 7,200 people, Ontex has a
presence in 14 countries, with its headquarters in Aalst, Belgium.
Ontex is listed on Euronext Brussel and is a constituent of the Bel
Mid® index. To keep up with the latest news, visit
ontex.com or follow Ontex on LinkedIn, Facebook, Instagram and
YouTube.
Ontex Group NV (EU:ONTEX)
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