Solvay: share buyback program completed

(CercleFinance.com) - Solvay announced on Tuesday evening that it had finalized the share buyback program to feed its incentive plans, which it had formalized at the beginning of August.


The Belgian chemicals group says it bought back 161.273 of its own shares at prices ranging from 33.66 to 35.41 euros.

The company points out that these transactions mark the end of the share buyback program announced on August 1, which was aimed at acquiring up to 1.025,000 shares in order to meet share deliveries arising from the granting of its 2023 and 2024 long-term incentive plans.

On October 1, Solvay held a total of 1,530,711 of its own shares, of which 1,241,675 were held directly and 289,036 through its subsidiary Solvay Stock Option Management SRL ('SSOM').

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