On 25 February 2021, 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 20 May 2021.
This agreement sets a maximum amount of €300 million over a period from 21 May 2021 to 30 November 2021. The price of the shares purchased under this agreement shall not exceed the €135 per share, limit set by the Shareholders’ meeting of 20 May 2021.
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 cancelled above that limit.
The Shareholders’ meeting of 20 May 2021 authorized the Board of Directors to implement the share buyback program described in the 2020 Universal Registration Document published by Arkema on 26 March 2021 (Section 6.2.4) and available on the Company’s website.