In This Article:
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:
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470,783 Syensqo shares acquired in the framework of the second tranche of the Share Buyback Program;
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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;
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651,372 Syensqo shares are held by Syensqo Stock Option Management SRL (“SSOM”), a wholly owned indirect subsidiary of the Company.
Contacts
| Investors & Analysts | |||
| Sherief Bakr | +44 7920 575 989 | Perrine Marchal | +32 478 32 62 72 |
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.