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Azelis Group NV has initiated a Share Buyback Program 2023, aiming to repurchase up to 150,000 ordinary shares for a maximum total of EUR 3,500,000. The program began on 20 March 2023 and is designed to fulfill future obligations under the company's Long-Term Incentive Plan. As of 6 April 2023, Azelis has successfully bought back 123,200 shares, representing 0.053% of its total shares outstanding, with total expenditures amounting to EUR 2,811,898.50. The buyback activity reflects the company’s commitment to enhancing shareholder value and demonstrates confidence in its operational stability.
Positive
Initiation of a buyback program worth EUR 3,500,000 enhances shareholder value.
Successful repurchase of 123,200 shares, reflecting 0.053% of total outstanding shares.
Company demonstrates confidence in future growth and financial stability.
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 65,700 shares in the period from 31 March 2023 up to and including 6 April 2023, as follows:
Trade date
Total shares
purchased
Average price
Minimum
price paid
Maximum
price paid
Buyback amount
March 31, 2023
3,500
23.32 €
23.14 €
23.42 €
81,636.10 €
April 3, 2023
2,500
23.44 €
23.22 €
23.52 €
58,589.25 €
April 4, 2023
17,700
22.23 €
22.02 €
22.42 €
393,426.75 €
April 5, 2023
22,000
22.01 €
21.88 €
22.34 €
484,180.40 €
April 6, 2023
20,000
22.23 €
22.00 €
22.50 €
444,500.00 €
Since the start of the implementation of the Share Buyback Program 2023, Azelis has bought back 123,200 shares on Euronext Brussels for a total amount of EUR 2,811,898.50. This corresponds to 0.053 % of the total shares outstanding.
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.
