In order to reduce the excess cash of the company and possibly cancel all or part of the purchased shares, the Board of Directors of Van de Velde NV proceeded with the purchase of shares on the market of Euronext Brussels. The following treasury shares have been acquired during the period of March 21, 2022 until March 29, 2022:
• 21/03/2022: 966 shares. Average price = 37,42 €/share. Maximum price = 37,50 €/share. Minimum price = 37,30 €/share.
• 22/03/2022: 1.246 shares. Average price = 37,54 €/share. Maximum price = 37,60 €/share. Minimum price = 37,40 €/share.
• 23/03/2022: 853 shares. Average price = 37,37 €/share. Maximum price = 37,40 €/share. Minimum price = 37,30 €/share.
• 24/03/2022: 1.821 shares. Average price = 37,22 €/share. Maximum price = 37,50 €/share. Minimum price = 36,80 €/share.
• 25/03/2022: 894 shares. Average price = 37,20 €/share. Maximum price = 37,30 €/share. Minimum price = 37,10 €/share.
• 28/03/2022: 1.532 shares. Average price = 37,49 €/share. Maximum price = 37,70 €/share. Minimum price = 37,20 €/share.
• 29/03/2022: 237 shares. Average price = 37,51 €/share. Maximum price = 38,00 €/share. Minimum price = 37,40 €/share.
Total number of shares = 7.549. Average price = 37,38 €/share. Total amount = 282.171,90 €.
The authorization to acquire own shares was granted to the Board of Directors on December 11, 2019 during the extraordinary meeting of shareholders.
On March 29, 2022, 221.142 own shares are held by Van de Velde NV, including the 11.000 shares that were already purchased in the context of a stock option plan. This represents 1,66 per cent of the total number of shares of Van de Velde NV.
Van de Velde creates fashionable lingerie of superior quality with its premium, complementary brands PrimaDonna, Marie Jo and Andres Sarda. We believe in 'Shaping the bodies and minds of women': we want to make a difference in women's lives with our beautiful and perfectly fitting lingerie, by lifting their self-confidence and self-image. For us, an impeccable in-store service is key, an approach which we have consolidated in our Lingerie Styling Concept.
We work in close partnership with 3,600 independent lingerie boutiques worldwide. In addition, we have our own retail network with retail brands Rigby & Peller and Lincherie. Our geographical center of gravity is Europe and North America. Van de Velde employs almost 1,500 employees and is listed on Euronext Brussels.
CONTACTS
For more information, contact:Van de Velde NV - Lageweg 4 - 9260 Schellebelle - +32 (0)9 365 21 00 -www.vandevelde.eu
MAVAC BV, always represented by Marleen Vaesen Chairman of the BoardKarel Verlinde CommV, always represented by Karel Verlinde
Chief Financial Officer
Van de Velde NV - Lageweg 4 - 9260 Schellebelle - Belgium - T. +32 9 365 21 00 -www.vandevelde.eu- info@vandevelde.eu
Attachments
Original Link
Original Document
Permalink
Disclaimer
Van de Velde NV published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 16:12:15 UTC.
Van de Velde NV is the Belgian leading of the design, manufacturing and marketing of luxury women's lingerie (Marie Jo, PrimaDonna and Andres Sarda brands). Net sales break down by type of stores as follows:
- specialized stores (77.3%): multi-brand stores, large stores and major department stores;
- owned and franchise stores (22.7%).
Net sales are distributed geographically as follows: Belgium/Germany/the Netherlands (72.6%), the United Kingdom/Switzerland/ the United States (27.4%).