Welcome to the Acquisition of Own Shares
Brussels, Belgium – November 25, 2024 – 17:45 CET
In accordance with article 7:215 of the Belgian Code of Companies and Associations, Syensqo SA (“Syensqo” or the “Company”) announces 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.
This first tranche started 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).
Now, let’s dive deeper into what this means for the Company and its shareholders. The acquisition of own shares is a strategic move that many companies use to provide additional financial flexibility and to boost shareholder value. By buying back its own shares, the Company is demonstrating confidence in its own growth prospects and sending a positive signal to the market.
Furthermore, by reducing the number of outstanding shares, the Company can increase its earnings per share, making the remaining shares more valuable for existing shareholders. This can also help to support the share price in the long run.
From a shareholder perspective, the buyback program could be seen as a positive development, as it can lead to increased dividends and potentially higher capital gains in the future. Shareholders can also benefit from the increased earnings per share and the potential for share price appreciation.
Overall, the acquisition of own shares is a common practice in the corporate world and can have a variety of benefits for both the Company and its shareholders.
Impact on Me:
As a shareholder of Syensqo SA, the launch of the Share Buyback Program could potentially have a positive impact on me. By reducing the number of outstanding shares, the Company may be able to increase its earnings per share and support the share price, ultimately benefiting shareholders like myself.
Impact on the World:
The launch of Syensqo SA’s Share Buyback Program could have broader implications for the world of finance. By demonstrating confidence in its growth prospects and boosting shareholder value, the Company’s move could set a positive example for other companies looking to enhance their financial flexibility and support their share price.
Conclusion:
In conclusion, the acquisition of own shares by Syensqo SA is a strategic move that could have a variety of benefits for the Company and its shareholders. By reducing the number of outstanding shares, the Company can increase its earnings per share and support the share price, ultimately creating value for its stakeholders. As a shareholder, I look forward to potentially reaping the rewards of this program in the future.