Syensqo Successfully Completes Its Share Purchase Program
Syensqo is excited to announce the successful conclusion of its recent share purchase program, marking a significant milestone in the company’s growth strategy. By executing this initiative, Syensqo has showcased its ongoing commitment to enhancing shareholder value and aligning its operational practices with the long-term interests of its investors.
Overview of the Share Purchase Program
The share purchase program, which was authorized by Syensqo's Board of Directors, aimed to fulfill both current and anticipated obligations related to its Long Term Incentive Plans for employees. Launched earlier this year, the program resulted in the acquisition of 983,000 shares, accounting for approximately 0.93% of the company's outstanding shares. Total investments reached EUR 74.35 million, with shares bought at an average price of EUR 75.64 each, demonstrating Syensqo's financial strength and strategic foresight.
Recent Transactions and Buyback Details
In accordance with the applicable legal obligations, Syensqo has provided detailed information regarding its share purchases. During the period from October 21 to October 23, 2024, the company purchased a total of 48,468 shares across various marketplaces.
Share Purchase Summary
The share buybacks within this short timeframe included multiple transactions across different platforms. Notably, on October 21, 2024, several shares were acquired at varying prices, contributing to the total repurchase count. These buybacks reaffirm Syensqo's proactive approach in managing its capital and enhancing shareholder equity.
Share Ownership as of October 23, 2024
As of October 23, 2024, Syensqo holds a total of 1,634,372 shares, distributed as follows: 983,000 shares from the completed share purchase program and an additional 651,372 shares controlled through Syensqo Stock Option Management SRL. This clear structure of shareholding reflects the company’s commitment to transparency and effective management of its resources.
About Syensqo
Syensqo is a dynamic science company dedicated to crafting innovative solutions that positively impact the everyday lives of individuals and communities worldwide. With a highly skilled workforce exceeding 13,000 associates, the company thrives on fostering collaboration among diverse experts to drive advancements in science and technology.
Contributing to Sustainability
The products developed by Syensqo play a crucial role in promoting safer and more sustainable solutions across several sectors, including home goods, transportation, and healthcare. By embracing a circular economy ethos, Syensqo endeavors to pioneer technologies that not only serve current needs but also pave the way for a sustainable future.
Contact Information
For inquiries or further information, please reach out to our Investor Relations team:
Sherief Bakr: +44 7920 575 989
Bisser Alexandrov: +33 607 635 28
Loïc Flament: +32 478 69 74 20
Callie Gauzer: +1 908 642 7363
Perrine Marchal: +32 478 32 62 72
Laetitia Schreiber: +32 487 74 38 07
Frequently Asked Questions
What was the total amount invested in the share purchase program?
Syensqo invested a total of EUR 74.35 million in the share purchase program.
How many shares were repurchased during the program?
A total of 983,000 shares were repurchased, representing about 0.93% of the company’s outstanding shares.
What is the average purchase price per share?
The average purchase price for the shares bought was EUR 75.64.
When was the share purchase program launched?
The program was launched on June 25, 2024.
Who should I contact for more information about Syensqo?
You can contact the Investor Relations team directly for any inquiries or additional information.
