DSM announces repurchase of shares to cover existing option plans
(Thomson Reuters ONE) -
Royal DSM, the global Life Sciences and Materials Sciences company, today
announces that it intends to repurchase 5,000,000 ordinary shares, starting on
24 February 2011, in order to cover its commitments under existing management
and personnel option plans. Based on the closing price of the DSM share on NYSE
Euronext on 22 February 2011 this would be equivalent to approximately
? 215 million.
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.
DSM - Bright Science. Brighter Living.(TM)
Royal DSM N.V. is a global science-based company active in health, nutrition and
materials. By connecting its unique competences in Life Sciences and Materials
Sciences DSM is driving economic prosperity, environmental progress and social
advances to create sustainable value for all stakeholders. DSM delivers
innovative solutions that nourish, protect and improve performance in global
markets such as food and dietary supplements, personal care, feed,
pharmaceuticals, medical devices, automotive, paints, electrical and
electronics, life protection, alternative energy and bio-based materials. DSM's
22,000 employees deliver annual net sales of about ? 9 billion. The company is
listed on NYSE Euronext. More information can be found at www.dsm.com
For more information:
DSM Corporate Communications DSM Investor Relations
Herman Betten Hans Vossen
tel. +31 (0) 45 5782017 tel. +31 (0) 45 5782864
fax +31 (0) 45 5740680 fax +31 (0) 10 4590275
e-mail media.relations(at)dsm.com e-mail investor.relations(at)dsm.com
Press release-pdf:
http://hugin.info/130663/R/1491555/427253.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DSM N.V. via Thomson Reuters ONE
[HUG#1491555]
Unternehmensinformation / Kurzprofil:
Datum: 23.02.2011 - 07:15 Uhr
Sprache: Deutsch
News-ID 51810
Anzahl Zeichen: 3032
contact information:
Town:
Heerlen
Kategorie:
Business News
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