'Buyback time' makes AvH shares shine
05/10/2022 10:07
** Shares in Ackermans & Van Haaren (AvH) ACKB.BR rise
3.1% after the Belgian holding company said it had started a EUR
70 mln ($69.56 mln) buyback
** "Buyback time," ING analyst Hans D'Haese writes,
highlighting this is AvH's first ever share buyback under this
form, besides the regular buybacks for management remuneration
** "The shares repurchased under this SBB (share buyback)
programme may also be used to cover the company's future
obligations under its stock option plan," he added
** The stock of AvH is down around 19% YTD
($1 = 1.0063 euros)
(Reporting by Juliette Portala)
((juliette.portala@tr.com))