DSM ANNOUNCES REPURCHASE OF SHARES TO COVER EXISTING OPTION PLANS AND STOCK DIVIDEND

Royal DSM, a global science-based company active in health, nutrition and materials, today announces that it intends to repurchase 1,600,000 ordinary shares, starting on 14 August 2017, in order to cover its commitments under existing management and personnel option plans (1,200,000) and sha..


HEERLEN, The Netherlands, August 14, 2017 /PRNewswire/ -- Royal DSM, a global science-based company active in health, nutrition and materials, today announces that it intends to repurchase 1,600,000 ordinary shares, starting on 14 August 2017, in order to cover its commitments under existing management and personnel option plans (1,200,000) and shares for stock dividend as part of the interim dividend 2017 (400,000). Based on the closing price of the DSM share on Euronext Amsterdam on 11 August 2017 this would be equivalent to approximately €100 million.

(Logo: http://photos.prnewswire.com/prnh/20160803/395298LOGO )

DSM has signed a Discretionary Management Agreement with the bank that will execute the repurchase. The repurchase price will be based on the daily VWAP (Volume Weighted Average Price). Volumes to be repurchased will be on average 5% of the daily trading volume on the open market, within a bandwidth of 2-8% per day. This share repurchase program is anticipated to continue into Q4 2017. The total number of shares to be repurchased under this program represents approximately 0.9% of ordinary shares issued.

In accordance with regulations DSM will inform the market about the progress made in the execution of this program through weekly press releases.

DSM - Bright Science. Brighter Living.™

Royal DSM is a global science-based company active in health, nutrition and materials. By connecting its unique competences in life sciences and materials sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders simultaneously. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM and its associated companies deliver annual net sales of about €10 billion with approximately 25,000 employees. The company is listed on Euronext Amsterdam. More information can be found at http://www.dsm.com.

Or find us on:

Facebook: http://www.facebook.com/DSMcompany

Twitter: http://twitter.com/#!/DSM

LinkedIn: http://www.linkedin.com/company/3108

YouTube: http://www.youtube.com/user/dsmcompany

For more information:

DSM Corporate Communications

Stephen Hufton

tel. +31(0)45-5782017

e-mail media.contacts@dsm.com

DSM Investor Relations

Dave Huizing

tel. +31(0)45-5782864

e-mail investor.relations@dsm.com

PRN NLD

prnewswire.com (Date:08/14/2017 08:17) Related News about "DSM Announces Repurchase of Shares to Cover Existing Option Plans and Stock Dividend" news from other sites: (news similarity rate is shown on left.)

25%
Hong Kong shares join global retreat, but end week up on solid earnings SHANGHAI, Aug 18 (Reuters) - Hong Kong shares finished down on Friday, tracking weak global markets after the S&P 500 recorded its biggest percentage..... dailymail.co.uk >>
22%
Jennifer Lopez Shares Sweet Photo Of Her Twins Max, Emme As Babies Jennifer Lopez recently professed her love and fondness for her 9-year-old twins, Max and Emme. On her Instagram account, the 47-year-old mom of two shared an adorable photo of herself carrying her t.. ibtimes.com >>
21%
Airline shares lead FTSE 100 lower Shares in airlines fall as investors worry about the impact of the Barcelona terror attack on tourism... BBC News >>
33%
Waste Industries Announces New Ownership Structure Waste Industries announced today that it has executed a binding Stock Purchase Agreement with a newly-formed investor group, including the Poole family and members of senior management, and funds cont.. prnewswire.com >>
14%
China's Guangzhou joins rivals in denying plans to buy Fiat Chrysler Chinese carmaker Guangzhou has joined domestic rivals Geely and Dongfeng in saying it has no plans to acquire Fiat Chrysler... AutoNews.com >>
August: August is the eighth month of the year in the Julian and Gregorian Calendars and one of seven months with a length of 31 days.