Syensqo completes the second tranche of its €300 million Share Buyback Program
01 March 2025 - 3:49AM
UK Regulatory
Syensqo completes the second tranche of its €300 million Share
Buyback Program
Syensqo completes the second tranche of its €300
million Share Buyback Program
Brussels, Belgium – February 28, 2024 17:45
CET
Syensqo SA is pleased to announce the successful
completion of the second tranche of its share buyback program (the
“program”), launched on December 4, 2024 and concluded on February
26, 2025.
A total of 655,783 shares were purchased, of
which 185,000 have already been cancelled on 30 December 2024.
Since 13 January, 2025, a total of 470,783
shares were purchased, representing approximately 0.45% of the
Company's outstanding shares. These acquired shares are expected to
be cancelled in March 2025. Until then, they will be held in
treasury.
Over the duration of the second tranche, Syensqo
invested a total of EUR 50 million at an average purchase price of
EUR 76.24 per share.
Final weekly update of the second
tranche
In accordance with article 8:4 of the Royal
Decree of 29 April 2019 executing the Belgian Code of Companies and
Associations, Syensqo SA (“Syensqo” or the “Company”) hereby
discloses certain information in relation to its Share Purchase
Program, announced on September 30, 2024.
Syensqo announces that it has repurchased 37,283
Syensqo shares in the period from February 24, 2025 up to and
including February 26, 2025, as follows:
Date of purchase |
Market / MTF |
Number of shares |
Average price paid (€) |
Total (€) |
Lowest price paid (€) |
Highest price paid (€) |
24-Feb-25 |
CEUX |
1,069.00 |
80.06 |
85,586.49 |
79.51 |
80.58 |
24-Feb-25 |
XBRU |
11,931.00 |
79.98 |
954,202.01 |
79.45 |
80.70 |
25-Feb-25 |
CEUX |
1,765.00 |
78.62 |
138,757.42 |
77.91 |
79.43 |
25-Feb-25 |
XBRU |
11,235.00 |
78.59 |
882,972.13 |
77.57 |
79.50 |
26-Feb-25 |
CEUX |
2,639.00 |
79.84 |
210,690.37 |
79.07 |
80.30 |
26-Feb-25 |
XBRU |
8,644.00 |
79.87 |
690,359.98 |
78.68 |
80.37 |
Total |
37,283 |
|
2,962,568 |
|
|
As of February 26, 2025, the Company held in
treasury a total of 2,050,613 Syensqo shares, as follows:
- 470,783 Syensqo shares acquired in the framework of the second
tranche of the Share Buyback Program;
- 928,458 Syensqo shares acquired in the framework of the Long
Term Incentive Plan (LTIP) share purchase program that was
completed on October 23, 2024;
- 651,372 Syensqo shares are held by Syensqo Stock Option
Management SRL (“SSOM”), a wholly owned indirect subsidiary of the
Company.
Contacts
Investors & Analysts
investor.relations@syensqo.com |
Media
media.relations@syensqo.com |
Sherief Bakr
Bisser Alexandrov
Loïc Flament |
+44 7920 575 989
+33 607 635 280
+32 478 69 74 20 |
Perrine Marchal
Laetitia Schreiber |
+32 478 32 62 72
+32 487 74 38 07 |
Safe harbor
This press release may contain forward-looking information.
Forward-looking statements describe expectations, plans,
strategies, goals, future events or intentions. The achievement of
forward-looking statements contained in this press release is
subject to risks and uncertainties relating to a number of factors,
including general economic factors, interest rate and foreign
currency exchange rate fluctuations, changing market conditions,
product competition, the nature of product development, impact of
acquisitions and divestitures, restructurings, products
withdrawals, regulatory approval processes, all-in scenario of
R&I projects and other unusual items. Consequently, actual
results or future events may differ materially from those expressed
or implied by such forward-looking statements. Should known or
unknown risks or uncertainties materialize, or should our
assumptions prove inaccurate, actual results could vary materially
from those anticipated. The Company undertakes no obligation to
publicly update or revise any forward-looking statements.
About Syensqo
Syensqo is a science company developing groundbreaking solutions
that enhance the way we live, work, travel and play. Inspired by
the scientific councils which Ernest Solvay initiated in 1911, we
bring great minds together to push the limits of science and
innovation for the benefit of our customers, with a diverse, global
team of more than 13,000 associates.
Our solutions contribute to safer, cleaner, and more sustainable
products found in homes, food and consumer goods, planes, cars,
batteries, smart devices and health care applications. Our
innovation power enables us to deliver on the ambition of a
circular economy and explore breakthrough technologies that advance
humanity.
Investor Relations sources
- Earnings materials
- Strategy
- Share information
- Credit information
- Separation documents
- Webcasts, podcasts and presentations
- 2023 Annual Integrated Report
- Subscribe to our distribution list
- 20250228_2nd_tranche_completion_EN (1)
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