Share buyback programme 2023
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 2023
Ultimate end date: 9 November 2023
Total number of shares to be purchased in programme: 9,351,489
| Week |
Number of |
Average |
Settlement |
% *) |
|---|---|---|---|---|
| 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 | 844,943 | 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 |
| 17 July - 21 July | 662,091 | 2.03 | 1.3 million | 77 |
| 24 July - 28 July | 654,637 | 2.09 | 1.4 million | 84 |
| 31 July - 4 August | 375,030 | 2.08 | 0.8 million | 88 |
| 7 August - 11 August | 402,915 | 2.10 | 0.8 million | 92 |
| 14 August - 18 August | 730,994 | 1.99 | 1.4 million | 100 |
| 9 May – 18 August | 9,351,489 | 1.94 | 18.2 million | 100 |
*) Percentage of programme completed in shares.