General information
In accordance with article 7:215 of the Belgian Code of Companies and Associations, Syensqo SA (“Syensqo” or the “Company”) announces the launch of a share buyback program, effective as of 25 June 2024 (the “Share Buyback Program”).
The repurchase of Syensqo shares under the Share Buyback Program intends to cover current and future obligations under Syensqo's current Long Term Incentive Plans for its employees.
Under this program, Syensqo may acquire a maximum of 983,000 Syensqo shares. The Share Buyback Program commences on 25 June 2024 and will run until 20 December 2024 at the latest. The Share Buyback Program may be suspended or discontinued at any time and any shares acquired under the Share Buyback Program will be held as treasury shares.
The Share Buyback Program will be carried out under the terms and conditions of the authorization granted by the Extraordinary Shareholders’ Meeting of the Company on 8 December 2023 and will be implemented and executed by an independent financial intermediary under the terms of a discretionary mandate agreement.
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 this Share Buyback Program, covering the buyback of a maximum of 983,000 Syensqo shares, Syensqo announces that it has repurchased 90,000 Syensqo shares in the period from 25 June 2024 up to and including 28 June 2024, as follows:
| Date of purchase | Market / MTF | Number of shares | Average price paid (€) | Total (€) | Lowest price paid (€) | Highest price paid (€) |
|---|---|---|---|---|---|---|
| 25 June 2024 | MTF (Aquis) | 2,208 | 88.22 | 194,791.53 | 87.65 | 89.42 |
| 25 June 2024 | MTF (CBOE DXE) | 12,849 | 88.29 | 1,134,382.96 | 87.52 | 89.46 |
| 25 June 2024 | Euronext Brussels | 28,940 | 88.33 | 2,556,171.80 | 87.51 | 89.46 |
| 26 June 2024 | MTF (Aquis) | 1,822 | 89.14 | 162,407.07 | 87.28 | 89.84 |
| 26 June 2024 | MTF (CBOE DXE) | 10,024 | 88.64 | 888,546.41 | 86.16 | 89.97 |
| 26 June 2024 | Euronext Brussels | 34,157 | 88.41 | 3,019,779.38 | 86.01 | 90.04 |
| Total | 90,000 | 7,956,079.14 | ||||
As of 28 June 2024, the Company held a total of 741,372 own shares, spread out as follows:
- 90,000 Syensqo shares in the framework of the Share Buyback Program; and
- 651,372 Syensqo shares by Syensqo Stock Option Management SRL (“SSOM”), a wholly owned indirect subsidiary of the Company.