Other information

Personnel

The annual average number of full-time employees for financial year 2023, as well as the previous year, does not exceed 250.

Guarantees

DSM-Firmenich AG acts as guarantor to the €1 billion bridge facility setup 13 December 2023, with DSM B.V. as the borrower.

Participation rights granted in 2023

Performance Share Units (PSUs) are granted to the Members of the Board of Directors, and Restricted Share Units (RSUs) to the Members of the Executive Committee. See below tables reflecting the grants in the year 2023.

Granted RSUs to members of the Board of Directors

 

 

Number of RSUs granted

 

Value at opening price

 

Fair value (IFRS)

 

 

 

EUR x thousand

 

Value in CHF x thousand

 

EUR x thousand

 

Value in CHF x thousand

Grant of RSUs to members Board of Directors in 2023

 

18,239

 

1,463

 

1,355

 

1,444

 

1,337

Granted PSUs to members of the Executive Committee

 

 

Number of PSUs granted

 

Value at opening price

 

Fair value (IFRS)

 

 

 

EUR x thousand

 

Value in CHF x thousand

 

EUR x thousand

 

Value in CHF x thousand

Grant of PSUs to members Executive Committee in 2023

 

87,938

 

8,868

 

8,211

 

8,589

 

7,953

Major shareholders (above 5%)

Shareholders who hold a substantial position in DSM-Firmenich AG, should notify this immediately to the Netherlands Authority for the Financial Market (AFM). DSM-Firmenich AG has not received notifications of any shareholder holding more than 5% of its share capital.

On 13 February 2024, DSM-Firmenich AG completed the voluntary tender offer of 8 January 2024 for 4,163,287 DSM B.V. ordinary shares for a total consideration amounting to €400 million (CHF 370 million). DSM-Firmenich AG now holds 98.5% of the shares of DSM B.V. The company will seek to acquire the remaining 1.5% shares through the statutory buy-out procedure at the Enterprise Chamber of the Amsterdam Court of Appeal, which started on 17 July 2023.

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