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Syensqo launches the fourth tranche of its Share Buyback Program
GlobeNewswire News Room· 2025-07-31 05:10
Core Viewpoint - Syensqo SA has launched the fourth tranche of its Share Buyback Program, which is part of a larger initiative announced in September 2024, with a total budget of up to €300 million [1][2]. Group 1: Share Buyback Program - The fourth tranche of the Share Buyback Program will commence on July 31, 2025, and is set to conclude by November 15, 2025, with a maximum allocation of €50 million [1][2]. - The implementation of this tranche will adhere to the conditions established by the Extraordinary Shareholders' Meeting held on December 8, 2023, and will be executed by a financial intermediary in compliance with applicable regulations [2]. Group 2: Company Overview - Syensqo is a science company focused on developing innovative solutions that improve various aspects of life, work, travel, and leisure, with a workforce of over 13,000 associates globally [4]. - The company's innovations aim to contribute to safer, cleaner, and more sustainable products across multiple sectors, including homes, food, consumer goods, transportation, and healthcare [5].
Syensqo completes the third tranche of its €300 million Share Buyback Program
Globenewswire· 2025-07-30 15:45
Core Viewpoint - Syensqo SA has successfully completed the third tranche of its €300 million share buyback program, which was initiated on February 27, 2025, and concluded on July 30, 2025 [1][2]. Group 1: Share Buyback Program Details - A total of 784,328 shares were purchased during the program, accounting for approximately 0.75% of the company's outstanding shares [2]. - The company invested €50 million in the third tranche at an average purchase price of €63.75 per share [2]. - As of July 30, 2025, the company held a total of 1,540,858 shares in treasury [3]. Group 2: Recent Transactions - In the final update of the third tranche, Syensqo repurchased 3,434 shares from July 28, 2025, to July 30, 2025, with an average price of €69.72 on CEUX and €69.65 on XBRU [3]. - The total expenditure for these recent purchases amounted to €239,309 [3]. Group 3: Historical Context - Prior to the third tranche, 445,001 shares were cancelled on May 9, 2025, and 746,031 shares were acquired under the Long Term Incentive Plan (LTIP) share purchase program completed on October 23, 2024 [2][5].