Syensqo's Recent Share Buyback Program Highlights
Syensqo's Acquisition of Own Shares
In accordance with the legal framework of the Belgian Code of Companies and Associations, Syensqo SA ("Syensqo" or the "Company") shares crucial updates concerning its Share Buyback Program first disclosed on June 25, 2024.
Details of Share Buyback Program
The Share Buyback Program allows for the purchase of up to 983,000 Syensqo shares. During the reporting period from August 19 to August 23, 2024, a total of 63,900 shares were repurchased. The table below provides a breakdown of the shares acquired during this period:
Repurchase Summary
Date of Purchase: 19-Aug-24
Market: AQEU
Shares: 426.00
Average Price: €70.36
Total Value: €29,972.08
Lowest Price: €70.04
Highest Price: €70.75
Date of Purchase: 19-Aug-24
Market: CEUX
Shares: 2,302.00
Average Price: €70.45
Total Value: €162,180.73
Lowest Price: €70.08
Highest Price: €70.82
Date of Purchase: 19-Aug-24
Market: XBRU
Shares: 6,672.00
Average Price: €70.39
Total Value: €469,636.08
Lowest Price: €69.97
Highest Price: €70.85
After additional repurchases on August 20 and 21, the Company concluded its buyback program on August 23, 2024, achieving a total of 63,900 shares repurchased.
Total Shares Held
As of August 23, 2024, Syensqo holds a total of 1,257,806 shares, intricately categorized into the following:
Shares from Buyback Program
A total of 606,434 shares acquired through the Share Buyback Program.
Shares Held by Subsidiaries
The Company additionally retains 651,372 shares via Syensqo Stock Option Management SRL ("SSOM"), a wholly owned indirect subsidiary.
Company Overview
Syensqo is dedicated to developing groundbreaking solutions that improve daily life, professional tasks, and environmental sustainability. Inspired by significant scientific councils, the Company seeks to unite top talents to foster scientific advancement and innovation, supported by a robust global team of over 13,000 associates.
Through innovative solutions, Syensqo contributes to cleaner and more sustainable products across various sectors, including health care, transportation, energy, and consumer goods. Their focus on a circular economy and breakthrough technologies highlights their commitment to advancing humanity sustainably.
Contact Information
Investors & Analysts
Sherief Bakr
Phone: +44 7920 575 989
Bisser Alexandrov
Phone: +33 607 635 280
Email: investor.relations@syensqo.com
Media Inquiries
Perrine Marchal
Phone: +32 478 32 62 72
Laetitia Schreiber
Phone: +32 487 74 38 07
Email: media.relations@syensqo.com
Frequently Asked Questions
What is Syensqo's Share Buyback Program?
The Share Buyback Program is an initiative through which Syensqo intends to repurchase shares to manage equity efficiently and enhance shareholder value.
How many shares did Syensqo repurchase?
Syensqo repurchased a total of 63,900 shares between August 19 and August 23, 2024.
Who manages the shares acquired through the buyback?
The shares acquired as part of the Share Buyback Program are managed directly by Syensqo as part of its overall equity management strategy.
What is the average price paid for shares during the repurchase?
The average price for the shares repurchased varied, with specific prices documented throughout the purchase period.
How does Syensqo contribute to sustainability?
Syensqo develops innovative solutions aimed at improving sustainability in products used in everyday life, contributing to environmental sustainability through a circular economy model.
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