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Highlights
Aalberts N.V. acquires additional shares between 09 June and 13 June as part of ongoing programme
Cumulative share reduction progresses steadily toward planned limits
Transactions conducted under authorised AGM framework and EU compliance standards
Aalberts N.V. (LON:AALBF), a key player in the industrial technology sector and listed on the FTSE 100 and FTSE 350 indices, has reported the continuation of its share volume adjustment activity. The company is progressing with its planned strategy to manage outstanding shares in the open market in accordance with corporate authorisation granted earlier this year.
Between 09 June and 13 June, Aalberts acquired an additional portion of its ordinary shares. These transactions are part of a broader corporate exercise that began in late February. This initiative is scheduled to conclude by late October and is designed to align with Aalberts’ capital structure plans.
Framework and Regulatory Compliance
The share acquisition process is executed through an independent intermediary, ensuring full compliance with the regulatory framework established under the Market Abuse Regulation 596/2014. Aalberts has authorised this process to operate within both open and closed periods, maintaining the integrity and independence of the execution.
The company’s Annual General Meeting, held in May last year, granted the necessary approval for this ongoing share adjustment. Transactions are conducted under the safe harbour guidelines defined by Commission Delegated Regulation 2016/1052, ensuring that all steps adhere to strict governance and transparency standards.
Progress Update and Volume Overview
The cumulative volume of acquired shares continues to grow each week, reflecting the consistent implementation of the plan. The initiative is designed to be completed within a specific timeframe and funding allocation, both of which remain on track based on recent disclosures.
As part of its approach to capital optimisation, all acquired shares are intended for cancellation, reducing the number of outstanding shares and realigning the equity structure in accordance with board-approved financial policy.
Market Communication and Stakeholder Reporting
Aalberts ensures ongoing communication through official channels, fulfilling requirements under Article 5(1)(b) of Regulation (EU) 596/2014 and Article 2(2) of the Commission Delegated Regulation (EU) 2016/1052. These regulatory provisions guide the company's transparent reporting on market transactions related to its share reduction effort.
Weekly summaries are published to provide a detailed view of the ongoing activity, accessible through the dedicated section on the company’s investor relations platform. This ensures that stakeholders and market participants remain informed throughout the duration of the initiative.
