Azelis LTIP Share Buyback Program 2023 – Update

Rhea-AI Summary

Azelis Group NV has announced the completion of its Share Buyback Program 2023, under which it repurchased 150,000 shares for a total amount of EUR 3,408,076.30, representing 0.064% of outstanding shares. The program was initiated on 20 March 2023 and aimed to cover future obligations under the Company's Long-Term Incentive Plan. Recent purchases included 12,000 shares on April 11, 2023 at an average price of 22.25 € and 14,800 shares on April 12, 2023 at 22.24 €. The program is expected to enhance shareholder value and reflect the company's commitment to delivering long-term growth.

Positive

• Completion of the buyback program reinforces shareholder value.
• Total shares repurchased (150,000) will help meet future obligations under the Long-Term Incentive Plan.
• Demonstrates management confidence in the company's financial health.

Negative

• None.

ANTWERP, Belgium--(BUSINESS WIRE)-- Regulatory News:

In accordance with article 8:4 of the Royal Decree of 29 April 2019 executing the Belgian Code of Companies and Associations, Azelis Group NV (the “Company” or “Azelis”) (Brussels:AZE) hereby reports on the buyback of Azelis shares under the Share Buyback Program 2023.

Under the Share Buyback Program 2023, Azelis has mandated an independent financial intermediary to buy back up to 150,000 ordinary shares, for a total maximum amount of EUR 3,500,000, starting on 20 March 2023, to cover future obligations under the Long-Term Incentive Plan of the Company.

In the framework of this Share Buyback Program 2023, the Company has purchased 26,800 shares in the period from 7 April 2023 up to and including 12 April 2023, as follows:

Trade date	Total shares purchased	Average price	Minimum price paid	Maximum price paid	Buyback amount
April 11, 2023	12,000	22.25 €	21.86 €	22.40 €	266,959.20 €
April 12, 2023	14,800	22.24 €	22.06 €	22.42 €	329,218.60 €

Since the start of the implementation of the Share Buyback Program 2023, Azelis has bought back 150,000 shares on Euronext Brussels for a total amount of EUR 3,408,076.30. This corresponds to 0.064 % of the total shares outstanding. This week’s purchases complete the Share Buyback Program 2023.

An overview of the Share Buyback Program 2023 is available on the investor relations pages of Azelis' website under the section “Shareholder Information/ Share buyback program”, and this press release is as well available under the section "Regulated Information".

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About Azelis
Azelis is a leading global innovation service provider in the specialty chemical and food ingredients industry, present in 63 countries across the globe with over 3,800 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to more than 59,000 customers, supported by +2,700 principal relationships, creating a turnover of €4.1 billion (2022). Azelis Group NV is listed on Euronext Brussels under ticker AZE.

Across our extensive network of more than 60 application laboratories, our award-winning staff help develop formulations and provide technical guidance throughout the customers’ product development process. We combine a global market reach with a local footprint to offer a reliable, integrated, and unique digital service to local customers and attractive -business opportunities to principals. Top industry-rated by Sustainalytics, Azelis is a leader in sustainability. We believe in building and nurturing solid, honest and transparent relationships with our people and partners.

Impact through ideas. Innovation through formulation.

www.azelis.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230413005507/en/

Contact information

Azelis Investor Relations

investor-relations@azelis.com

Tel.: +32 3 613 0127

Source: Azelis

FAQ

What is the total amount spent on the Share Buyback Program 2023 for AZLGY?

Azelis Group NV spent a total of EUR 3,408,076.30 on the Share Buyback Program 2023.

How many shares were purchased in the recent buyback for AZLGY?

In the recent buyback, a total of 150,000 shares were purchased.

What was the purpose of the AZLGY Share Buyback Program 2023?

The purpose of the AZLGY Share Buyback Program 2023 was to cover future obligations under the Long-Term Incentive Plan.

When did the AZLGY Share Buyback Program 2023 start?

The AZLGY Share Buyback Program 2023 started on 20 March 2023.

What was the average price of shares bought back on April 11, 2023, for AZLGY?

The average price of shares bought back on April 11, 2023, was 22.25 €.