dsm-firmenich announces repurchase of 1.5m shares to cover share plans

dsm-firmenich today announces that, starting April 8, 2024, it intends to repurchase 1,500,000
ordinary shares to cover commitments under the Group’s share-based compensation plans. The share
repurchase is equivalent to approximately €156 million based on the closing price of the dsm-firmenich
ordinary share on Euronext Amsterdam on April 4, 2024. The total number of ordinary shares to be
repurchased under this program represents approximately 0.6% of ordinary shares issued.
The program consists of an on-market share repurchase of 500,000 shares, followed by a repurchase
of 1,000,000 shares by means of an equity forward transaction. The forward transaction is expected to
be entered into in April 2024, and dsm-firmenich expects to take delivery of the shares in 2025. Both
share repurchase mandates will be executed in accordance with the Market Abuse Regulation and
within the limitations of the authority granted to the Board of Directors by the Annual General Meeting.
dsm-firmenich has signed Discretionary Management Agreements with banks to commence the
execution of the share repurchase program on its behalf and to make trading decisions under the
Agreements independently of dsm-firmenich.
In accordance with regulations, dsm-firmenich will inform the market about the progress made in the
execution of this program through weekly press releases. Other than the delivery of the shares under
the equity forward transaction, the share repurchase program is anticipated to be completed in Q2
2024.