Agfa-Gevaert: Share buyback program – regulated information – Press Release

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Mortsel, Belgium – February 28, 2022 – 5:40 p.m. CET

Within the framework of the share buyback program which was announced in the press release of March 10, 2021, Agfa-Gevaert NV proceeded with the purchase of own shares on the market of Euronext Brussels.

The authorization to acquire own shares was granted to the Board of Directors by the Extraordinary General Meeting of Shareholders of May 12, 2020.

Agfa-Gevaert NV has requested a financial intermediary to repurchase Agfa-Gevaert shares for a maximum amount of 50,000,000 Euro on its behalf under the terms of an initial discretionary mandate agreement with validity until March 31, 2022, effective as from April 1, 2021.

As a result of a decision of the Board of Directors, the company, by notarial deed dated December 28, 2021, cancelled a total of 2,288,302 treasury shares. This decision was taken in accordance with the authorization granted to the Board of Directors by the Extraordinary General Meeting of Shareholders on May 12, 2020. As a consequence, the new number of outstanding shares (denominator) is 160,506,706.

On February 25, 2022, the Agfa-Gevaert Group held 1,397,508 own shares, which represents 0.87% of the total number of shares of the Group.

Detailed operations per day:

Date Number of
shares
Average
price (€)
Minimum
price (€)
Maximum
price (€)
Total
price (€)
           
February 21, 2022 29,295 3.5074 3.4650 3.5950 102,749.28
February 22, 2022 28,410 3.4596 3.3950 3.5100 98,287.24
February 23, 2022 30,600 3.4847 3.4450 3.5200 106,631.82
February 24, 2022 29,752 3.3306 3.2650 3.3900 99,092.01
February 25, 2022 31,200 3.5112 3.4000 3.6350 109,549.44
           
Total 149,257 3.4592     516,309.79

Since the beginning of the share buyback program until February 25th, 2022; the Agfa-Gevaert Group bought 8,641,992 own shares, representing 5.15% of the total outstanding shares on April 1, 2021.

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