Share buy-back programme

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 
repurchased shares 

Average 
purchase price 
(€) 

Settlement 
amount 
(€) 

% *) 

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.