DSM announces repurchase of shares to cover existing option plans
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 on average be 10% of the daily trading volume on Euronext Amsterdam, within a bandwidth of 7-13% 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.