Syensqo's Strategic Move: Share Buyback Program Update
Overview of Syensqo's Share Buyback Program
Syensqo SA has announced significant updates regarding its ongoing Share Buyback Program, a strategic initiative aimed at enhancing shareholder value. The company has initiated a structured plan to repurchase shares worth up to €300 million. This program began back in September 2024 and showcases Syensqo's commitment to driving long-term growth and maximizing shareholder returns.
Details of the Current Tranche
The third tranche of the Share Buyback Program commenced on February 27, 2025, and is anticipated to last until June 27, 2025. Within this period, Syensqo has allocated a maximum of €50 million to buy back its shares. The intention behind this tactical acquisition is not just to repurchase shares but also to cancel all shares acquired during this tranche, thereby reducing the total outstanding shares and increasing the value for remaining shareholders.
Recent Repurchases and Financial Insights
As part of this program, from March 3 to March 7, 2025, Syensqo successfully repurchased a total of 35,000 shares. Here are some notable figures from these transactions:
The shares were purchased at various prices on two different markets, including the CEUX and XBRU. The average prices for shares during these transactions ranged approximately between €67.61 to €71.93. This series of acquisitions totalled over €2.46 million, underscoring the company’s proactive approach to enhancing shareholder equity.
Current Shareholding Status
As of the latest reporting date, Syensqo holds a total of 2,043,457 shares. This total is distributed among various programs established by the company:
- 174,872 shares from the ongoing third tranche of the €300 million program initiated in November 2024.
- 470,783 shares from the previous tranche that have not yet been cancelled.
- 746,430 shares stemming from the Long-Term Incentive Plan (LTIP) Share Buyback Program, which concluded on October 23, 2024.
- 651,372 shares possessed by Syensqo Stock Option Management SRL, a wholly owned subsidiary.
Company Background and Vision
Founded with a focus on innovation, Syensqo is at the forefront of scientific development, delivering solutions that enhance everyday life. With a committed team of over 13,000 associates, the company champions a vision for safer, more sustainable products and aims to facilitate advancements in a circular economy. Syensqo's innovative prowess is evident in its diverse product range that spans homes, vehicles, healthcare applications, and more.
Contacts for Investors and Media
For inquiries, Syensqo provides dedicated contacts for investors and media. Investors can reach out via email at investor.relations@syensqo.com while media inquiries can be directed to media.relations@syensqo.com. Key contacts include Sherief Bakr, Bisser Alexandrov, Loïc Flament, Perrine Marchal, and Laetitia Schreiber, who are available to assist with any specific questions.
Frequently Asked Questions
What is the purpose of Syensqo's Share Buyback Program?
The program aims to enhance shareholder value by repurchasing shares, which reduces the number of outstanding shares and can consequently increase the share price.
How many shares has Syensqo repurchased in the current tranche?
In the current tranche, Syensqo has repurchased a total of 35,000 shares.
What is the total value allocated to the Share Buyback Program?
The total value allocated to the Share Buyback Program is €300 million.
When did the recent tranche of the program begin?
The recent tranche began on February 27, 2025, and is expected to last until June 27, 2025.
How does the buyback program align with Syensqo's overall strategy?
The program aligns with Syensqo's broader strategy of promoting sustainable growth and strengthening investor confidence by actively managing its capital structure.
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