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Aug 4, 2026M&A

Lakefront Biotherapeutics discloses six weeks of share buybacks through July 31

The company reported repurchasing nearly 588,000 shares for about €15.1 million since late June under a program announced June 9, 2026.

Lakefront Biotherapeutics NV, formerly Galapagos, filed a series of weekly 6-K reports detailing share repurchases made under a buyback program the company said it announced on June 9, 2026.

Across six disclosed weeks, from June 22 through July 31, 2026, the company reported repurchasing a cumulative 588,012 ordinary shares for a combined 15,118,094.83 euros, executed through a discretionary mandate to an independent financial intermediary on Euronext and related trading venues (XAMS, CEUX, AQEU, TQEX).

The weekly totals were: 83,530 shares repurchased between 22 June 2026 and 26 June 20261 for 2,108,045.52 euros; 104,022 shares repurchased between 29 June 2026 and 03 July 20262 for 2,730,010.70 euros; 108,645 shares repurchased between 06 July 2026 and 10 July 20263 for 2,897,722.65 euros; 98,648 shares repurchased between July 13, 2026 and July 17, 20264 for 2,564,633.73 euros; 95,670 shares repurchased between July 20, 2026 and July 24, 20265 for 2,431,442.30 euros; and 97,497 shares repurchased between via a discretionary mandate to an independent financial intermediary between July 27, 2026 and July 31, 20266 for 2,386,239.93 euros.

Average weekly purchase prices moved from about 25.24 euros per share in late June to a high near 26.67 euros per share in the July 6-10 period, before declining to 24.48 euros per share by the week of July 27-31, 2026, according to the filings.

By the end of each reporting period, cumulative holdings of own shares rose steadily: as of market close on 26 June 2026, Lakefront holds 199,734 of its own ordinary shares1, rising to 704,216 of its own ordinary shares6 as of market close on 31 July 2026. All filings were signed by Ying Deng as authorized officer.

Written by readthrough’s AI from the linked primary sources and fact-checked against them automatically before publishing. Not investment advice.