Syensqo - Acquisition of own shares
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Syensqo SA has initiated the first tranche of its Share Buyback Program, which will run until December 31, 2024, covering up to €50 million of the total €300 million program.
November 18, 2024 | 5:00 pm
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POSITIVE IMPACT
Syensqo SA has started the first tranche of its Share Buyback Program, which could positively impact its stock price by reducing the number of shares in circulation.
The initiation of a share buyback program often leads to a positive impact on the stock price as it reduces the number of shares available in the market, potentially increasing the value of remaining shares. This is particularly relevant for SHBBF as it is directly involved in the buyback.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80