Earlier this month, dsm-firmenich shared the company's intentions to repurchase 1,500,000 ordinary shares to cover commitments under the company's share-based compensation plans. On April 16, 2024, dsm-firmenich announced that it had repurchased 500,000 ordinary shares in the period from April 8, 2024, up to and including April 12, 2024, at an average price of €103.29.
This is per the on-market share repurchase program announced on April 8, 2024, covering commitments under the company’s share-based compensation plans. This repurchase concludes the program to repurchase 500,000 shares for a total consideration of €51.6 million.
As announced on April 8, 2024, the on-market share repurchase program is followed by a repurchase of 1,000,000 shares by means of an equity forward transaction. The forward transaction is expected to be entered into in April 2024, and dsm-firmenich expects to take delivery of the shares in 2025.
