Azelis Share Buyback Program 2023 – Update

Rhea-AI Summary

Azelis Group NV has initiated a Share Buyback Program 2023, purchasing up to 150,000 ordinary shares for a total maximum amount of EUR 3,500,000. As of March 23, 2023, the company has repurchased 30,000 shares at an average price of 23.50 € to cover obligations under its Long-Term Incentive Plan. This buyback represents approximately 0.013% of the total shares outstanding, indicating strong shareholder value enhancement. The total expenditure so far amounts to EUR 713,548.80.

Positive

• Share buyback of 30,000 shares indicates commitment to enhancing shareholder value.
• Total spend of EUR 713,548.80 on buyback enhances earnings per share (EPS).

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 30,000 shares in the period from 20 March 2023 up to and including 23 March 2023, as follows:

Trade date	Total shares purchased	Average price	Minimum price paid	Maximum price paid	Buyback amount
March 20, 2023	11,000	23.50 €	23.02 €	23.90 €	258,542.90 €
March 21, 2023	5,000	24.23 €	23.56 €	24.36 €	121,168.50 €
March 22, 2023	9,000	23.94 €	23.68 €	24.18 €	215,447.40 €
March 23, 2023	5,000	23.68 €	23.58 €	24.04 €	118,390.00 €

Since the start of the implementation of the Share Buyback Program 2023, Azelis has bought back 30,000 shares on Euronext Brussels for a total amount of EUR 713,548.80. This corresponds to 0.013 % of the total shares outstanding.

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

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View source version on businesswire.com: https://www.businesswire.com/news/home/20230324005280/en/

Contact information

Azelis Investor Relations

investor-relations@azelis.com

Tel.: +32 3 613 0127

Source: Azelis Group NV

FAQ

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

The total maximum amount for the Share Buyback Program 2023 is EUR 3,500,000.

How many shares has AZLGY repurchased under the buyback program?

Azelis has repurchased 30,000 shares under the Share Buyback Program 2023.

What is the average price paid for the shares repurchased by AZLGY?

The average price paid for the shares repurchased is 23.50 €.

What percentage of total shares outstanding does the buyback represent for AZLGY?

The buyback represents approximately 0.013% of the total shares outstanding.