Colombes, France – On February 25, Arkema announced its intention to implement a share buyback program for a total amount of €300 million following the closing of the divestment of the PMMA business.
In this context, Arkema signed a share purchase agreement with an investment services provider on May 20.
This agreement sets a maximum amount of €300 million over a period from May 21 to November 30. The price of the shares purchased under this agreement shall not exceed the €135 per share limit set during the shareholders meeting of May 20.
The shares purchased under this agreement will be allocated to the implementation of performance share plans or employee shareholding operations up to a limit of €30 million and will be canceled above that limit.
The shareholders’ meeting of May 20 authorized the board of directors to implement the share buyback program described in the 2020 Universal Registration Document published by Arkema on March 26 (Section 6.2.4) and available on the company’s website.