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.
This second phase began on December 04, 2024 and will run until February 26, 2025 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
Syensqo announces that it has repurchased 55,000 Syensqo shares in the period from 16 December up to and including 20 December 2024, as follows:
| Date of purchase | Market / MTF | Number of shares | Average price paid (€) | Total (€) | Lowest price paid (€) | Highest price paid (€) |
|---|---|---|---|---|---|---|
| 16-Dec-24 | CEUX | 2,723.00 | 73.06 | 198,942.92 | 72.00 | 75.09 |
| 16-Dec-24 | XBRU | 12,277.00 | 73.17 | 898,255.30 | 71.91 | 75.16 |
| 17-Dec-24 | CEUX | 7,410.00 | 72.98 | 540,761.05 | 72.09 | 73.32 |
| 17-Dec-24 | XBRU | 12,590.00 | 72.89 | 917,720.35 | 71.89 | 73.32 |
| 18-Dec-24 | CEUX | 4,757.00 | 72.23 | 343,578.61 | 71.24 | 72.81 |
| 18-Dec-24 | XBRU | 15,243.00 | 72.21 | 1,100,666.54 | 71.09 | 72.89 |
| Total | 55,000 | 3,999,925 | ||||
As of December 20, 2024, the Company held a total of 1,764,830 own shares, spread out as follows:
- 185,000 Syensqo shares in the framework of the second tranche of the €300 million Share Buyback Program that started on November 5, 2024;
- 928.458 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.