BE Semiconductor Industries N.V. (ENXTAM:BESI) announces a share repurchase program. Under the program, the company will repurchase up to 10% of its issued share capital, for a total of €300 million. The purpose of the buyback is capital reduction and to help offset dilution related to the company's convertible notes and shares issued under the employee stock plans.

The program will be funded using the company's available cash resources. The repurchase program will be executed in accordance with industry best practices and in compliance with European buyback rules and regulations and may be suspended or discontinued at any time. The plan will be valid till October 29, 2023.