Share buy-back programs

Stock dividends, compensation plans & reducing issued capital

Buy-back programs

It is necessary for DSM to undertake regular share buy-back programs to cover its commitment to shareholders wishing to receive their dividend in the form of ordinary shares, as well as to fulfill its obligations under share-based compensation plans.

DSM obtains approval for the company to repurchase its own shares each year at the Annual General Meeting of Shareholders. Each year we also obtain approval to reduce the company's issued capital by cancellation of its shares up to a maximum of the number that is, or will be bought by, the company.

2020: 1,400,000 shares

March 2020

DSM repurchased a total of 1,400,000 shares1 for a combined consideration of €137.8 million in accordance with the repurchase program announced on 2 March 2020.

This Daily Transaction Details Share Repurchase Program spreadsheet was updated and published weekly during the course of the program.

In addition, as a prudent measure given the Covid-19 environment and given the acquisition of Erber Group announced on 12 June 2020, DSM decided to cancel the remainder of its €1 billion share buy-back program, first announced on 14 February 2019. Under this program, DSM repurchased 6,638,971 shares for a total consideration of €745 million during 2019 and Jan-Feb 2020.

Press releases

Recent programs

2019 - 2020: 9,238,971 shares

Apr 2019 - Feb 2020

DSM repurchased a total of 9,238,971 shares for a combined consideration of €1.01 billion in accordance with the repurchase program announced on 14 March 20191. This Daily Transaction Details Share Repurchase Program spreadsheet was updated and published weekly during the course of the program.

2018: 1,100,000 shares

August to October

DSM repurchased a total of 1,100,000 shares for a combined consideration of €98.9 million in accordance with the repurchase program announced on 13 August 2018. This Daily Transaction Details Share Repurchase Program spreadsheet was updated and published weekly during the course of the program.

2018: 1,600,000 shares

March to April & May to June

DSM repurchased a total of 1,600,000 shares for a combined consideration of €136.7 million in accordance with the repurchase program announced on 19 March 2018. This Daily Transaction Details Share Repurchase Program spreadsheet was updated and published weekly during the course of the program.

2017: 1,600,000 shares

August - November

DSM repurchased a total of 1,600,000 shares for a combined €109.3 million in accordance with the repurchase program announced on 14 August 2017. This Daily Transaction Details Share Repurchase Program spreadsheet was updated weekly during the course of the buy-back program.

2017: 2,900,000 shares

March - July

DSM repurchased a total of 2,900,000 shares for a combined €187.2 million in accordance with the repurchase program announced on 13 March 2017. This Daily transaction details Share Repurchase Program spreadsheet was updated weekly during the course of the buy-back program.

2016: 1,700,000 shares

November - December

DSM repurchased a total of 1,700,000 shares for a combined €96.0 million in accordance with the repurchase program announced on 4 November 2016. This Daily Transaction Details Share Repurchase Program spreadsheet was updated weekly during the course of the buy-back program.

2016: 3,500,000 shares

February - July

DSM repurchased a total of 3,500,000 shares for a combined €176.8 million in accordance with the repurchase program announced on 22 February 2016 (as amended on 10 June 2016). DSM informed the market about the program's progress via weekly press releases.

2015: 2,300,000 shares

May - July

DSM repurchased a total of 2,300,000 shares for a combined €122.5 million in accordance with the repurchase program announced on 14 May 2015. DSM informed the market about the program's progress via weekly press releases.

1) The repurchase of 1,400,000 ordinary shares announced on 2 March 2020 is in addition to the program to spend €1 billion repurchasing shares to reduce the company's issued share capital. In 2019 DSM repurchased 5.4 million shares for a total consideration of €600 million under this program..

Statement pursuant to art. 5:25a of the Dutch Financial Supervision Act

DSM declares 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 Dutch Authority for the Financial Markets (AFM).

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