dsm-firmenich announces increase in share repurchase program to reduce capital to €1 billion

About this update from Dsm-firmenich Ag

[{"type":"image","alt":"dsm-firmenich","displaySize":"","headline":null,"caption":"dsm-firmenich","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":58,"url":"https://media.zenfs.com/en/globenewswire.com/9b415d4a2865afc6fd1cf942611724d8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/mMYFeKUNdZU9mGc.nThqBg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTgxO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/9b415d4a2865afc6fd1cf942611724d8","width":300,"height":58}},"lazy":false},{"type":"text","content":"Press Release","length":13,"tagName":"p"},{"type":"text","content":"dsm-firmenich announces increase in share repurchase program to reduce capital to €1 billion ","length":92,"tagName":"p"},{"type":"text","content":"Kaiseraugst (Switzerland), Maastricht (Netherlands), June 27, 2025","length":66,"tagName":"p"},{"type":"text","content":"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. This share repurchase program started for an initial €500 million and will now be increased to €1 billion, following the completion of the previously announced sale of dsm-firmenich’s stake in the Feed Enzymes Alliance.","length":432,"tagName":"p"},{"type":"text","content":"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. The second tranche of €500 million of the share repurchase program was conditional on the completion of the sale of dsm-firmenich’s stake in the Feed Enzymes Alliance. Now that the sale has been completed, the share repurchase program will be increased to €1,080 million with effect from June 27, 2025. The increased program will be completed no later than January 30, 2026.","length":628,"tagName":"p"},{"type":"text","content":"The share repurchase mandate will be executed in accordance with the Market Abuse Regulation and within the limitations of Swiss law. dsm-firmenich has signed an amended discretionary buyback contract with a bank to manage the execution of the €1,080 million share repurchase program on its behalf and to make trading decisions under the Agreement...

More updates from Dsm-firmenich Ag