Syensqo's Share Buyback Program Details Unveiled
Overview of Syensqo's Share Buyback Program
Syensqo SA, a prominent science company, has officially announced its Share Buyback Program after recent developments. This program aims to repurchase a maximum of 983,000 shares, thereby enhancing the value for its shareholders. This action showcases the company's commitment to returning capital to its investors in a bold strategy to reward loyal stakeholders.
Recent Share Acquisition Details
As part of the buyback initiative, Syensqo has successfully repurchased a total of 100,150 shares from September 9 to September 13. This transaction indicates a vigorous approach in achieving strategic milestones while allocating a significant budget towards share repurchases.
Breakdown of Share Purchases
During the specified period, the following transactions were executed:
- Date: 09-Sep-24 - Market: AQEU - Shares: 1,010 - Average Price: €71.11 - Total: €71,816.76
- Date: 09-Sep-24 - Market: CEUX - Shares: 7,077 - Average Price: €71.04 - Total: €502,769.90
- Date: 10-Sep-24 - Market: AQEU - Shares: 994 - Average Price: €70.05 - Total: €69,634.27
- Date: 11-Sep-24 - Market: AQEU - Shares: 561 - Average Price: €69.64 - Total: €39,065.68
The total expenditure for the repurchased shares across this brief period amounted to €7,049,521.49. This figure reflects Syensqo's intention of fortifying its market position by leveraging the buyback program.
Current Share Holdings
As of September 13, the total number of own shares held by Syensqo stood at 1,449,211, which is distributed between the shares acquired through the buyback program and those managed by its subsidiary, Syensqo Stock Option Management SRL. Specifically, the distribution includes:
- 797,839 shares acquired through the buyback program.
- 651,372 shares held by Syensqo Stock Option Management SRL, indicating the company’s proactive approach to employee and shareholder engagement.
Benefits of the Buyback Program
Engaging in a share buyback program often results in numerous advantages. For instance, it can lead to an increase in the earnings per share, thereby driving up the stock price and enhancing shareholder value. The approach also reflects a company’s confidence in its future growth prospects.
About Syensqo
Syensqo is an innovative science company that is paving the way for groundbreaking solutions across various sectors. The company boasts over 13,000 associates who are dedicated to advancing science and innovation, creating sustainable products that contribute positively to global industries, ranging from consumer goods to healthcare applications.
Contact Information
Investors seeking to understand more about Syensqo’s operations may contact:
Sherief Bakr
Phone: +44 7920 575 989
Email: investor.relations@syensqo.com
For media inquiries, reach out to:
Perrine Marchal
Phone: +32 478 32 62 72
Email: media.relations@syensqo.com
Frequently Asked Questions
What is Syensqo's Share Buyback Program?
The program allows Syensqo to repurchase its shares to enhance shareholder value and improve stock performance.
How many shares has Syensqo repurchased so far?
As of September 13, Syensqo has repurchased a total of 100,150 shares as part of its buyback program.
What are the benefits of the share buyback?
Share buybacks can increase earnings per share, elevate the stock price, and signify a strong outlook for the company.
Who can I contact for investor relations?
You can contact Sherief Bakr at +44 7920 575 989 or email investor.relations@syensqo.com.
What does Syensqo do?
Syensqo develops innovative solutions that benefit various sectors, focusing on sustainability and advancements in technology.
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