Syensqo launches Share Buyback Program
Brussels, Belgium - June 25, 2024 - 08:30 CEST
In accordance with article 7:215 of the Belgian Code of Companies and
Associations, Syensqo SA ("Syensqo" or the "Company") announces the launch of a
share buyback program, effective as of 25 June 2024 (the "Share Buyback
Program").
The repurchase of Syensqo shares under the Share Buyback Program intends to
cover current and future obligations under Syensqo's current Long Term Incentive
Plans for its employees.
Under this program, Syensqo may acquire a maximum of 983,000 Syensqo shares. The
Share Buyback Program commences on 25 June 2024 and will run until 20 December
2024 at the latest. The Share Buyback Program may be suspended or discontinued
at any time and any shares acquired under the Share Buyback Program will be held
as treasury shares.
The Share Buyback Program will be carried out under the terms and conditions of
the authorization granted by the Extraordinary Shareholders' Meeting of the
Company on 8 December 2023 and will be implemented and executed by an
independent financial intermediary under the terms of a discretionary mandate
agreement.
The timing of the share buybacks will depend on a variety of factors, including
market conditions. Syensqo will provide regular updates on the progress of its
share purchases, in accordance with applicable legislation.
Ilham Kadri, CEO, commented: "Aligned with our relentless focus on value
creation to our stakeholders, I am pleased to announce our share buyback
program. This program is a sign of confidence in Syensqo's growth strategy and
also demonstrates the importance Syensqo places on employee engagement as well
as the retention of key talent."
Contacts
Investors & Analysts Media
Nathalie van Ypersele
+32 478 20 10 62
Sherief Bakr
+44 7920 575 989 Perrine Marchal
+32 478 32 62 72
Bisser Alexandrov
+33 607 635 280 Laetitia Schreiber
+32 487 74 38 07
investor.relations@syensqo.com
(mailto:investor.relations@syensqo.com media.relations@syensqo.com
) (mailto:media.relations@syensqo.com)
Safe harbor
This press release may contain forward-looking information. Forward-looking
statements describe expectations, plans, strategies, goals, future events or
intentions. The achievement of forward-looking statements contained in this
press release is subject to risks and uncertainties relating to a number of
factors, including general economic factors, interest rate and foreign currency
exchange rate fluctuations, changing market conditions, product competition, the
nature of product development, impact of acquisitions and divestitures,
restructurings, products withdrawals, regulatory approval processes, all-in
scenario of R&I projects and other unusual items. Consequently, actual results
or future events may differ materially from those expressed or implied by such
forward-looking statements. Should known or unknown risks or uncertainties
materialize, or should our assumptions prove inaccurate, actual results could
vary materially from those anticipated. The Company undertakes no obligation to
publicly update or revise any forward-looking statements.
About Syensqo
Syensqo is a science company developing groundbreaking solutions that enhance
the way we live, work, travel and play. Inspired by the scientific councils
which Ernest Solvay initiated in 1911, we bring great minds together to push the
limits of science and innovation for the benefit of our customers, with a
diverse, global team of more than 13,000 associates.
Our solutions contribute to safer, cleaner, and more sustainable products found
in homes, food and consumer goods, planes, cars, batteries, smart devices and
health care applications. Our innovation power enables us to deliver on the
ambition of a circular economy and explore breakthrough technologies that
advance humanity.
Investor Relations sources
* Earnings materials
(https://www.syensqo.com/en/investors/financials/earnings)
* Strategy (https://www.syensqo.com/en/about-us/our-strategy)
* Share information (https://www.syensqo.com/en/investors/share-information)
* Credit information (https://www.syensqo.com/en/investors/financials/bond-
information)
* Separation documents
(https://www.syensqo.com/en/investors/spinoff/documents)
* Webcasts, podcasts and presentations
(https://www.syensqo.com/en/investors/financial-calendar-events-and-
presentations/webcasts-and-presentations)
* 2023 Annual Integrated Report (https://www.syensqo.com/en/investors/annual-
reports)
* Subscribe to our distribution list
(https://www.syensqo.com/en/investors/investor-relations-contacts)
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