General information
In accordance with article 7:215 of the Belgian Code of Companies and Associations, Syensqo SA (“Syensqo” or the “Company”) announces that pursuant to its new Share Buyback Program (or the “Program”) announced on September 30, 2024, covering up to €300 million, the Company launches the first tranche of this Program.
The purpose of the program is to further enhance Syensqo’s capital structure and efficiency, canceling all shares repurchased as part of the program and thereby reducing the issued share capital of the Company.
The Share Buyback Program will be implemented under the conditions set out in the authorization granted by the Extraordinary Shareholders’ Meeting of the Company on 8 December 2023 and carried out by a financial intermediary in compliance with applicable rules and regulations.
The first tranche of the Program started on November 5, 2024 and will run until December 31, 2024 at the latest, and will cover a maximum amount of up to € 50 million (of the € 300 million Program).
The timing of the share buybacks will depend on a variety of factors, including market conditions. Syensqo will provide regular updates on the progress of its share purchases, in accordance with applicable legislation.
Transactions
In the framework of its first tranche, Syensqo announces that it has repurchased 224,973 Syensqo shares in the period from 11 November up to and including 15 November 2024, as follows:
| Date of purchase | Market / MTF | Number of shares | Average price paid (€) | Total (€) | Lowest price paid (€) | Highest price paid (€) |
|---|---|---|---|---|---|---|
| 11-Nov-24 | AQEU | 2,237.00 | 79.01 | 176,738.44 | 78.36 | 79.39 |
| 11-Nov-24 | CEUX | 17,623.00 | 79.04 | 1,392,856.71 | 78.25 | 79.41 |
| 11-Nov-24 | XBRU | 27,113.00 | 78.96 | 2,140,780.12 | 78.20 | 79.44 |
| 12-Nov-24 | AQEU | 2,376.00 | 77.28 | 183,614.67 | 75.97 | 78.38 |
| 12-Nov-24 | CEUX | 17,541.00 | 77.15 | 1,353,277.63 | 75.66 | 78.38 |
| 12-Nov-24 | XBRU | 44,083.00 | 77.04 | 3,396,092.60 | 75.50 | 78.38 |
| 13-Nov-24 | AQEU | 2,555.00 | 75.78 | 193,609.47 | 75.42 | 76.14 |
| 13-Nov-24 | CEUX | 17,511.00 | 75.78 | 1,327,069.38 | 75.27 | 76.19 |
| 13-Nov-24 | XBRU | 43,934.00 | 75.76 | 3,328,457.41 | 75.25 | 76.15 |
| 14-Nov-24 | AQEU | 1,059.00 | 75.82 | 80,292.53 | 75.32 | 76.43 |
| 14-Nov-24 | CEUX | 6,690.00 | 75.88 | 507,611.11 | 75.12 | 76.68 |
| 14-Nov-24 | XBRU | 17,251.00 | 75.74 | 1,306,651.12 | 75.16 | 76.73 |
| 15-Nov-24 | AQEU | 1,267.00 | 74.08 | 93,865.06 | 73.51 | 74.70 |
| 15-Nov-24 | CEUX | 5,788.00 | 74.21 | 429,540.21 | 73.47 | 74.88 |
| 15-Nov-24 | XBRU | 17,945.00 | 74.27 | 1,332,796.68 | 73.44 | 74.81 |
| Total | 224,973 | 17,243,253 | ||||
As of November 15, 2024, the Company held a total of 2,079,345 own shares, spread out as follows:
- 444.973 Syensqo shares in the framework of the €300 million Share Buyback Program that started on November 5, 2024;
- 983.000 Syensqo shares in the framework of the LTIP Share Buyback Program that ended on October 23, 2024;
- 651,372 Syensqo shares by Syensqo Stock Option Management SRL (“SSOM”), a wholly owned indirect subsidiary of the Company.