Arkema Launches a €300 Million Share Buyback Program
May 20 2021 - 11:35AM
Business Wire
Regulatory News:
On 25 February 2021, Arkema (Paris:AKE) announced its intention
to implement a share buyback program for a total amount of €300
million following the closing of the divestment of the PMMA
business.
In this context, Arkema signed a share purchase agreement with
an investment services provider on 20 May 2021.
This agreement sets a maximum amount of €300 million over a
period from 21 May 2021 to 30 November 2021. The price of the
shares purchased under this agreement shall not exceed the €135 per
share, limit set by the Shareholders’ meeting of 20 May 2021.
The shares purchased under this agreement will be allocated to
the implementation of performance share plans or employee
shareholding operations up to a limit of €30 million and will be
cancelled above that limit.
The Shareholders’ meeting of 20 May 2021 authorized the Board of
Directors to implement the share buyback program described in the
2020 Universal Registration Document published by Arkema on 26
March 2021 (Section 6.2.4) and available on the Company’s website
https://www.arkema.com/global/en/investor-relations/regulated-information/.
Building on its unique set of expertise in materials science,
Arkema offers a portfolio of first-class technologies to
address ever-growing demand for new and sustainable materials. With
the ambition to become in 2024 a pure player in Specialty
Materials, the Group is structured into 3 complementary, resilient
and highly innovative segments dedicated to Specialty Materials
-Adhesive solutions, Advanced Materials, and Coating Solutions-
accounting for some 82% of Group sales, and a well-positioned and
competitive Intermediates segment. Arkema offers cutting-edge
technological solutions to meet the challenges of, among other
things, new energies, access to water, recycling, urbanization and
mobility, and fosters a permanent dialogue with all its
stakeholders. The Group reported sales of around €8 billion in
2020, and operates in some 55 countries with 20,600 employees
worldwide. www.arkema.com
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INVESTOR RELATIONS CONTACTS Béatrice Zilm +33 1 49 00 75
58 beatrice.zilm@arkema.com Peter Farren +33 1 49 00 73 12
peter.farren@arkema.com Mathieu Briatta +33 1 49 00 72 07
mathieu.briatta@arkema.com Caroline Chung +33 1 49 00 74 37
caroline.chung@arkema.com
MEDIA CONTACTS Gilles Galinier +33 1 49 00 70 07
gilles.galinier@arkema.com Véronique Obrecht +33 1 49 00 88 41
veronique.obrecht@arkema.com
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