Acquisition of Own Shares by Syensqo SA
Syensqo SA, known for its innovative solutions within the industry, has provided an update on its ongoing Share Buyback Program. This initiative, which was originally announced in June 2024, is designed to enhance shareholder value by repurchasing shares from the market.
Details of the Share Buyback Program
The Share Buyback Program covers the acquisition of up to 983,000 shares. As of the latest reporting period from August 26 to August 30, 2024, Syensqo has successfully repurchased 34,955 shares. This step reflects the company's commitment to boosting shareholder confidence and optimizing its capital structure.
Recent Share Purchases Overview
During the specified period, Syensqo acquired shares from multiple markets. The transactions reveal insights into the average prices paid and market conditions at the time of purchase. Below are the notable details:
- **Date of Purchase**: The buyback activity spanned several dates within the reporting period. - **Price Variability**: The average prices for these purchases varied, demonstrating Syensqo's strategy in acquiring shares effectively amidst market fluctuations.
Total Shares Held Post Buyback
By August 30, 2024, Syensqo owned a total of 1,292,761 shares. Of these:
- 641,389 shares were acquired through the Share Buyback Program.
- 651,372 shares were retained by Syensqo Stock Option Management SRL (SSOM), which is a wholly-owned subsidiary of Syensqo.
Company Profile and Commitment to Innovation
Syensqo is dedicated to pioneering scientific advancements to improve various aspects of everyday life. With over 13,000 associates globally, the company emphasizes sustainable practices and the circular economy in all its solutions. Its innovative power enables development across sectors including healthcare, consumer goods, and technology, all aimed at enhancing safety and sustainability.
Contacts for Further Information
For inquiries, stakeholders may contact:
Investors & Analysts:
Sherief Bakr: +44 7920 575 989
Bisser Alexandrov: +33 607 635 280
Email: investor.relations@syensqo.com
Media:
Perrine Marchal: +32 478 32 62 72
Laetitia Schreiber: +32 487 74 38 07
Email: media.relations@syensqo.com
Frequently Asked Questions
What is Syensqo's Share Buyback Program?
It is an initiative to repurchase a maximum of 983,000 shares to enhance shareholder value.
How many shares did Syensqo repurchase recently?
Syensqo repurchased a total of 34,955 shares during the reporting period from August 26 to August 30, 2024.
What is the total number of shares held by Syensqo?
As of August 30, 2024, Syensqo holds a total of 1,292,761 shares.
Who can I contact for investor relations inquiries?
You can reach out to Sherief Bakr or Bisser Alexandrov through their provided contact numbers or email.
What areas does Syensqo focus on in its innovation efforts?
Syensqo focuses on developing solutions across healthcare, consumer goods, and technology to foster a more sustainable future.
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