dsm-firmenich's Strategic Share Repurchase Program Progress Update
dsm-firmenich's Commitment to Shareholder Value
dsm-firmenich, a global leader in nutrition, health, and beauty, has set ambitious goals in its recent share repurchase program. The company announced plans to repurchase ordinary shares amounting to an impressive €1 billion. This initiative is both a move to enhance shareholder value and a strategic step to manage capital effectively.
Detailed Overview of the Share Repurchase Program
On April 1, 2025, dsm-firmenich commenced the execution of this share repurchase program, targeting a total of €580 million. Out of this total, €80 million is dedicated to fulfilling commitments under the Group’s share-based compensation plans, while the remaining €500 million is aimed at reducing the company’s issued capital. A robust strategy like this highlights the company's commitment to not only maintain but improve shareholder satisfaction and confidence.
Recent Share Repurchase Activities
From May 12 to May 16, 2025, dsm-firmenich reported that it had repurchased a total of 496,456 shares at an average price of €95.99 per share, equating to a total expenditure of €47.7 million. Cumulatively, this brings the total number of shares repurchased under this program to an impressive 1,599,083 shares, with a mean purchase price of €92.86, amounting to €148.5 million.
Future Plans for Capital Management
The execution of this share repurchase program is not just a short-term tactic; dsm-firmenich intends to complete this initiative within six months from the initial start date. Following the conclusion of the current repurchase activities, the company also plans to initiate a second €500 million repurchase program conditional upon the sale of its stake in the Feed Enzymes Alliance. This marks a significant milestone reflecting dsm-firmenich's proactive approach to capital management.
About The Company
dsm-firmenich operates to enhance the quality of life for the global population. As innovators in nutrition, health, and beauty, the company focuses on blending vital nutrients with cutting-edge science to produce flavors and fragrances that meet the world's ever-growing demand. Headquartered in Kaiseraugst, Switzerland, and Maastricht, Netherlands, dsm-firmenich boasts nearly 30,000 employees across 60 countries and generates revenues exceeding €12 billion. Their passion for sustainability and innovation is evident in every aspect of their operation.
Contact Information for Further Queries
If you wish to learn more about dsm-firmenich's share repurchase program or have investor inquiries, feel free to reach out via email:
Investor Relations:
Email: investors@dsm-firmenich.com
Media Inquiries:
Email: media@dsm-firmenich.com
Frequently Asked Questions
1. What is the main goal of dsm-firmenich's share repurchase program?
The main goal is to enhance shareholder value and to manage capital more efficiently through the repurchase of ordinary shares.
2. How much is dsm-firmenich planning to repurchase?
dsm-firmenich plans to repurchase shares with an aggregate market value of €1 billion, starting with an initial €580 million program.
3. What has been the recent activity in the share repurchase?
Between May 12 and May 16, 2025, dsm-firmenich repurchased 496,456 shares for a total of €47.7 million.
4. When does the current share repurchase program end?
The current program is expected to be completed within six months from the start date, which is April 1, 2025.
5. How does dsm-firmenich intend to use the repurchased shares?
The repurchased shares will be used to fulfill compensation commitments and to reduce the company’s issued capital, benefiting all shareholders.
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