Press Release
Weekly progress on share repurchase program to cover share plans and reduce capital
Kaiseraugst (Switzerland), Maastricht (Netherlands), April 8, 2025
dsm-firmenich, innovators in nutrition, health, and beauty, announced on February 13, 2025 its intention to repurchase ordinary shares with an aggregate market value of €1 billion and reduce its issued capital, starting with an initial €500 million. On April 1, 2025, the company commenced a program to repurchase ordinary shares for a total amount of €580 million, of which €80 million to cover commitments under the Group's share-based compensation plans and €500 million to reduce its issued capital.
In accordance with regulations, dsm-firmenich informs the market that during the period from April 1, 2025 up to and including April 4, 2025 a total number of 133,403 shares have been repurchased on its behalf. The shares were repurchased at an average price of €91.36 per share for a total amount of €12.2 million.
This €580 million share repurchase program will be completed no later than six months from the start date, and thereafter an additional €500 million share repurchase program is intended upon the completion of the sale of dsm-firmenich's stake in the Feed Enzymes Alliance.
For more detailed information see 'Daily transaction details Share Repurchase Program announced April 1, 2025'.
For more information, please contact:
dsm-firmenich investor relations enquiries:
Email: investors@dsm-firmenich.com
dsm-firmenich media enquiries:
Email: media@dsm-firmenich.com
About dsm-firmenich
As innovators in nutrition, health, and beauty, dsm-firmenich reinvents, manufactures, and combines vital nutrients, flavors, and fragrances for the world's growing population to thrive. With our comprehensive range of solutions, with natural and renewable ingredients and renowned science and technology capabilities, we work to create what is essential for life, desirable for consumers, and more sustainable for the planet. dsm-firmenich is a Swiss company with dual headquarters in Kaiseraugst, Switzerland and Maastricht, Netherlands, listed on the Euronext Amsterdam, with operations in almost 60 countries and revenues of more than €12 billion. With a diverse, worldwide team of nearly 30,000 employees, we bring progress to life every day, everywhere, for billions of people. www.dsm-firmenich.com
Disclaimer
This press release does not constitute or form part of, an offer or any solicitation of an offer for securities in any jurisdiction. This press release may contain forward-looking statements with respect to dsm-firmenich's future. Such statements are based on current expectations, estimates and projections of dsm-firmenich and information currently available to the company. dsm-firmenich cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. dsm-firmenich has no obligation to update the statements contained in this press release, unless required by law. This communication contains information that qualifies as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. The English language version of this press release prevails over other language versions.
Attachment
- Press release_dsm-firmenich progress on share repurchase program_20250408 (https://ml-eu.globenewswire.com/Resource/Download/bf999a00-ec84-4bf3-b80f-9bd0e7963616)
