Arkema: Capital Reduction by Cancellation of Treasury Shares
January 25 2022 - 11:30AM
Business Wire
Regulatory News:
The Board of directors of Arkema (Paris:AKE), at its meeting of
24 January 2022, in accordance with the authorization of the
combined annual general meeting of 20 May 2021 (13th resolution)
and with the announcement published on 1 December 2021 relating to
the completion of the share buyback program launched on 21 May
2021, decided to proceed with Arkema’s share capital reduction by
cancelling 2,450,435 treasury shares, representing 3.19% of the
share capital. The capital decrease will be effective as of 27
January 2022 as indicated in the Euronext notice of 25 January
2022.
Upon completion of this transaction, Arkema’s share capital
amounts to 742,860,410 euros divided into 74,286,041 fully paid-up
shares with a par value of 10 euros each.
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 in 2020, 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.
A French société anonyme (limited company) with share capital of
€767,364,760 – Registered in Nanterre: RCS 445 074 685 Nanterre
Follow us on: Twitter.com/Arkema_group
Linkedin.com/company/arkema
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version on businesswire.com: https://www.businesswire.com/news/home/20220125005846/en/
Investor relations contacts Béatrice Zilm, +33 (0)1 49 00
75 58, beatrice.zilm@arkema.com Peter Farren, +33 (0)1 49 00 73 12,
peter.farren@arkema.com Mathieu Briatta, +33 (0)1 49 00 72 07,
mathieu.briatta@arkema.com Caroline Chung, +33 (0)1 49 00 74 37,
caroline.chung@arkema.com
Media contacts Gilles Galinier, +33 (0)1 49 00 70 07,
gilles.galinier@arkema.com Véronique Obrecht, +33 (0)1 49 00 88 41,
veronique.obrecht@arkema.com
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