Ontex repurchases new treasury shares
The company has acquired 57,000 shares, increasing its stake in the company's share capital
Ontex, in accordance with the Royal Decree of April 2, 2019, which regulates the Belgian Companies and Associations Code, has released new details on its share buyback program. Started on December 2, 2024, the program aims to acquire up to 1.5 million shares, with the aim of increasing the company’s holding of own shares from 1.35% to 3.17% by June 2025.
Between February 8 and 14, 2025, the company bought 57,000 shares on the Euronext Brussels market. With this, Ontex’s total treasury shares rose to 1,712,712, representing 2.08% of the total issued shares. The shares acquired will be used to fulfill obligations related to the company’s long-term incentive plans, both current and future.
The buyback program is being conducted by an independent intermediary, which makes purchase decisions autonomously, as authorized by the extraordinary general shareholders’ meeting held on May 5, 2023.
