on Symrise AG (ETR:SY1)
Symrise AG Commences EUR 400 Million Share Buyback Program
Symrise AG has announced the initiation of a significant share buyback program valued at EUR 400 million. The decision, approved by the Executive and Supervisory Boards, aims to repurchase shares from February 1 to October 31, 2026. This plan follows the authorization granted by the Annual General Meeting on May 20, 2025, allowing the purchase of up to 10% of issued shares until 2030. The buyback will be conducted on the stock exchange, adhering to the Market Abuse Regulation and executed by an independent credit institution.
The program's primary objective is to redeem shares, which will result in a reduction of the registered share capital. The purchase price per share will be influenced by the opening auction in XETRA trading, with a variance limit of 5%. Symrise retains the option to modify or terminate the buyback plan, with further details to be published before commencement.
R. H.
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