Share buy-back programs 2007-2008
In September 2007 DSM announced a second EUR 750 million share buy-back program, of which EUR 250 million was realized in the final quarter of 2007.
DSM - Repurchase of shares and completion of Phase II
In 2008 DSM executed the second phase of the share buyback program of € 750 million. During this phase DSM repurchased 6,615,00 shares for a total consideration of € 250 million. in view of the situation in the global credit markets, among other reasons, DSM decided in April 2008 to prudently review the timing of the buy-back of the final € 250 million at the beginning of 2009 to retain financial flexibility. DSM has decided to cancel the remaining € 250 million part of the share buy-back program of € 750 million which was announced in 2007.
The relevant announcements, and the most important milestones in this respect can be found via the links below.
- 11 Jul 2008, DSM - Repurchase of shares and completion of Phase II (week 28)
- 04 Jul 2008, DSM - Repurchase of shares (week 27)
- 05 May 2008, Start Share buy-back program 2007 - 2008 Phase II
- 14 Dec 2007, DSM - Repurchase of shares and completion of Phase I (week 50)
- 01 Oct 2007, Start Share buy-back program 2007 - 2008
- 27 Sep 2007, Initiate share buy-back program
