Home / Knowledge / News / Textiles / DSM resumes share repurchase to cover existing option plan
DSM resumes share repurchase to cover existing option plan
01
Mar '14
Royal DSM, the global Life Sciences and Materials Sciences Company, announced that it intends to repurchase 2,500,000 ordinary shares, starting on 27 February 2014, in order to cover its commitments under existing management and personnel option plans. Based on the closing price of the DSM share on Euronext Amsterdam on 26 February 2014 this would be equivalent to approximately €120 million.
 
This share repurchase program is anticipated to continue into Q2 2014 and is the second and final part of a program to repurchase 5 million shares in total, which was announced in September 2013. On 21 January 2014 DSM concluded the first part of this program under which 2,500,000 ordinary shares were repurchased for a total consideration of €139 million.
 
DSM has signed a Discretionary Management Agreement with the bank that will execute the repurchase. The repurchase price will be based on the daily VWAP (Volume Weighted Average Price). Volumes to be repurchased will be on average 5% of the daily trading volume on Euronext Amsterdam, within a bandwidth of 2-8% per day.
 
In accordance with the present regulations DSM will inform the market about the progress made in the execution of this program through weekly press releases.
 
DSM - Bright Science. Brighter Living.
Royal DSM is a global science-based company active in health, nutrition and materials. By connecting its unique competences in Life Sciences and Materials Sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders simultaneously. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. 
 

Royal DSM

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search