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Syensqo – Acquisition of own shares | 16.12.24

Syensqo – Acquisition of own shares | 16.12.24

Acquisition of own shares

Brussels, Belgium – December 16, 2024 – 5:45 p.m. CET

In accordance with article 7:215 of the Belgian Code of Companies and Associations, Syensqo SA (“Syensqo” or the “Company”) announces that under its new Share Buyback Program (or the “Program”) announced on September 30, 2024, for a maximum amount of 300 million euros, the Company is launching the first tranche of this Program.

This second phase began on December 4, 2024 and will continue until February 26, 2025 at the latest and will cover a maximum amount of up to €50 million (out of the €300 million program). The Company intends to cancel all of the shares acquired as part of this first tranche.

As part of its second tranche, Syensqo announces that it has repurchased 70,000 Syensqo shares over the period from December 9 to December 13, 2024 inclusive, as follows:

Date of purchase Market / MTF Number of shares Average price paid (€) Total (€) Lowest price paid (€) Highest price paid (€)
09-Dec-24 AQUE 465.00 76.11 35,392.13 75.48 76.67
09-Dec-24 THOSE 2,173.00 76.56 166,355.97 75.44 76.82
09-Dec-24 XBRU 7,362.00 76.42 562,606.25 75.42 76.83
10-Dec-24 XBRU 10,000.00 76.69 766,852.00 75.50 77.58
11-Dec-24 XBRU 20,000.00 77.46 1,549,124.00 76.24 78.42
12-Dec-24 XBRU 20,000.00 77.57 1,551,362.00 77.27 78.11
13-Dec-24 THOSE 1,860.00 75.60 140,624.74 75.18 77.03
13-Dec-24 XBRU 8,140.00 75.82 617,145.50 75.17 77.06
Total 70,000 5,389,463

As of December 13, 2024, the Company held a total of 1,709,830 own shares, distributed as follows:

  • 130,000 Syensqo shares as part of the second tranche of the €300 million Share Buyback Program started on November 5, 2024;
  • 928,458 Syensqo shares under the LTIP Share Buyback Program closed on October 23, 2024;
  • 651,372 Syensqo shares by Syensqo Stock Option Management SRL (“SSOM”), a wholly owned indirect subsidiary of the Company.

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This press release may contain forward-looking information. Forward-looking statements describe future expectations, plans, strategies, objectives, events or intentions. The realization of the forward-looking statements contained in this press release is subject to risks and uncertainties relating to a number of factors, including general economic factors, fluctuations in interest rates and foreign exchange rates, changes in market conditions, competition between products, nature of the product. development, impact of acquisitions and divestitures, restructurings, product withdrawals, regulatory approval process, all-inclusive scenario of R&I projects and other unusual items. Therefore, actual results or future events may differ materially from those expressed or implied by such forward-looking statements. If known or unknown risks or uncertainties materialize, or if our assumptions prove inaccurate, actual results could differ materially from those anticipated. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

About Syensqo

Syensqo is a science-based company that develops revolutionary solutions that improve the way we live, work, travel and play. Inspired by the scientific councils started by Ernest Solvay in 1911, we bring together great minds to push the boundaries of science and innovation for the benefit of our clients, with a diverse global team of more than 13,000 associates.
Our solutions help create safer, cleaner and more sustainable products found in homes, food and consumer products, airplanes, cars, batteries, smart devices and healthcare applications . Our power of innovation allows us to realize the ambition of a circular economy and explore revolutionary technologies that advance humanity.

Sources of Investor Relations

  • 20241216_Acquisition of shares_FR