Azelis Share Buyback Program 2023 – Update

Rhea-AI Summary

Azelis Group NV has initiated a Share Buyback Program, planning to repurchase up to 150,000 shares, totaling a maximum of EUR 3,500,000. The program aims to cover future obligations under the Long-Term Incentive Plan. As of March 30, 2023, Azelis has repurchased 57,500 shares for EUR 1,349,566, representing 0.025% of total shares outstanding. Recent purchases include 12,000 shares at an average price of 23.08 €. This strategy is expected to enhance shareholder value by potentially increasing earnings per share and demonstrating the company's confidence in future growth.

Positive

• Share buyback of 150,000 shares planned, enhancing shareholder value.
• Total shares repurchased amounts to 57,500, demonstrating commitment to stock performance.
• Recent buyback at an average price of 23.08 € indicates management's confidence in the company's future.

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 27,500 shares in the period from 24 March 2023 up to and including 30 March 2023, as follows:

Trade date	Total shares purchased	Average price	Minimum price paid	Maximum price paid	Buyback amount
March 24, 2023	3,000	23.39 €	23.26 €	23.72 €	70,159.80 €
March 27, 2023	3,000	23.52 €	23.48 €	23.70 €	70,547.70 €
March 28, 2023	4,000	23.01 €	22.94 €	23.54 €	92,023.60 €
March 29, 2023	5,500	22.98 €	22.84 €	23.28 €	126,380.10 €
March 30, 2023	12,000	23.08 €	23.00 €	23.30 €	276,906.00 €

Since the start of the implementation of the Share Buyback Program 2023, Azelis has bought back 57,500 shares on Euronext Brussels for a total amount of EUR 1,349,566.00. This corresponds to 0.025 % 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20230331005297/en/

Contact information

Azelis Investor Relations

investor-relations@azelis.com

Tel.: +32 3 613 0127

Source: Azelis

FAQ

What is the purpose of the Azelis stock buyback program?

The buyback program aims to repurchase shares to cover obligations under the Long-Term Incentive Plan and enhance shareholder value.

How many shares has Azelis bought back as of March 30, 2023?

As of March 30, 2023, Azelis has bought back a total of 57,500 shares.

What is the total amount Azelis plans to spend on the buyback program?

Azelis plans to spend up to EUR 3,500,000 on the buyback program.

What percentage of total shares outstanding does the buyback represent?

The buyback of 57,500 shares represents 0.025% of the total shares outstanding.

What was the average price of shares bought back during the buyback program?

The average price of shares bought back has varied, with a recent purchase at an average price of 23.08 €.