Share Buy-Back Program 2018
Intended repurchase of 1,600,000 shares
The first part of the program to buy-back 500,000 ordinary shares to cover commitments under share based compensation plans began on 19 March and concluded on 11 April for a total consideration of €40.1 million.
The second part of the program to buy-back 1,100,000 ordinary shares to cover commitments for stock dividend as part of the final dividend 2017 began on 14 May.
In accordance with the regulations, DSM will inform the market about the progress made in the execution of this program through weekly press releases whilst the buy-back program is ongoing.
See also the ‘Daily transaction details 1.6m Share Repurchase Program announced 19 Mar 2018’ below, which is updated weekly during the course of the buy-back program.
Statement pursuant to art. 5:25a of the Dutch Financial Supervision Act
DSM also announces that The Netherlands is its "Home Member State", as required by article 5:25a (2) of the Dutch Financial Supervision Act. This article obliges all listed companies to publicly announce which country is their "home member state" (as referred to in article 5:25a(1) sub c of the Dutch Financial Supervision Act) for purposes of regulation of their disclosure obligations under the EU Transparency Directive. Pursuant to section 5:25a of the Dutch Financial Supervision Act Royal DSM has notified the Autoriteit Financiële Markten (AFM).