Syensqo launches the first tranche of its new Share Buyback Program
Syensqo launches the first tranche of its new Share Buyback Program
Brussels, Belgium – November 5, 2024 07:10 CET
SYENSQO SA (the “Company”) announces today that pursuant to its new Share Buyback Program (or the “Program”) announced on September 30, 2024, covering up to € 300 million, the Company launches the first tranche of this Program.
The first tranche of the Program will start on November 5, 2024 and will run until December 31, 2024 at the latest, and will cover a maximum amount of up to € 50 million (of the € 300 million Program).
It will be implemented under the conditions set out in the authorization granted by the Extraordinary Shareholders’ Meeting of the Company on 8 December 2023 and carried out by a financial intermediary in compliance with applicable rules and regulations.
The Company intends to cancel all shares acquired through this first tranche.
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.
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