Syensqo's Share Acquisition Update
In line with the regulations set forth by the Belgian Code of Companies and Associations, Syensqo SA ("Syensqo" or the "Company") is providing important updates regarding its Share Buyback Program, which was initially announced on June 25, 2024.
Overview of the Share Buyback Program
The Share Buyback Program permits the repurchase of up to 983,000 Syensqo shares. From August 19 to August 23, 2024, the Company successfully repurchased a total of 63,900 shares. Below is a detailed summary of the shares acquired during this timeframe:
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
Following additional repurchases on August 20 and 21, the Company concluded its buyback program on August 23, 2024, successfully acquiring a total of 63,900 shares.
Total Shares Owned
As of August 23, 2024, Syensqo's total shareholding stands at 1,257,806 shares, which are categorized as follows:
Shares Acquired Through Buyback
The Company has acquired 606,434 shares through the Share Buyback Program.
Shares Held by Subsidiaries
Additionally, Syensqo retains 651,372 shares through its wholly owned indirect subsidiary, Syensqo Stock Option Management SRL ("SSOM").
About Syensqo
Syensqo is committed to creating innovative solutions that enhance daily living, streamline professional tasks, and promote environmental sustainability. With guidance from prominent scientific councils, the Company aims to bring together top talent to drive scientific progress and innovation, supported by a dedicated global workforce of over 13,000 associates.
Through its pioneering solutions, Syensqo plays a vital role in developing cleaner and more sustainable products across various sectors, including healthcare, transportation, energy, and consumer goods. Their emphasis on a circular economy and cutting-edge technologies underscores their dedication to advancing sustainable progress for humanity.
Contact Information
For Investors & Analysts
Sherief Bakr
Phone: +44 7920 575 989
Bisser Alexandrov
Phone: +33 607 635 280
Email: investor.relations@syensqo.com
For 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 that allows Syensqo to repurchase its shares, aiming to manage equity effectively and enhance value for shareholders.
How many shares did Syensqo repurchase?
During the period from August 19 to August 23, 2024, Syensqo repurchased a total of 63,900 shares.
Who oversees the shares acquired through the buyback?
The shares obtained through the Share Buyback Program are directly managed by Syensqo as part of its overall equity management strategy.
What was the average price paid for shares during the repurchase?
The average price for the repurchased shares varied, with specific prices recorded throughout the purchase period.
How does Syensqo contribute to sustainability?
Syensqo focuses on developing innovative solutions that enhance sustainability in everyday products, contributing to environmental health through a circular economy approach.
