DSM announces cancellation of 6.7 million shares
Heerlen,NL,16-Feb-2007 08:15 CET
Royal DSM N.V. announces the cancellation of 6,700,000 ordinary shares,
decreasing the number of issued ordinary shares by 3.3%. These 6.7 million
ordinary shares were repurchased by DSM in the fall of 2006 as the first phase
of the share buy-back program, which was launched by DSM at the end of
September 2006. This finalizes the first phase of the share-buy back program
according to plan. A total number of 195,253,008 ordinary shares have now been
issued.
As announced on 27 September 2006 DSM has reserved a total amount of EUR 750
million for this program. Execution will be spread over 2006 and 2007. The
first phase of the program amounts to EUR 242 million. DSM intends to finalize
the program in 2007, involving an amount of EUR 508 million. DSM will inform
the market within the foreseeable future when share repurchases in the
framework of this program will be resumed.
