Forward contracts to repurchase shares
In 2024, DSM-Firmenich AG concluded an equity forward contract to repurchase 1,000,000 shares as part of its share repurchase program to cover share plans. The Company will take delivery of the shares against payment of the forward price of €109 million on 24 April 2025. This transaction is recognized in equity with a corresponding entry in short-term liabilities. See also Note 4 Short-term liabilities and payables.
Treasury shares
In 2024, all treasury shares previously held by DSM B.V. were sold by DSM B.V. to DSM-Firmenich AG.
On 31 December 2024, DSM-Firmenich AG holds 404,185 treasury shares (end of 2023: 0), hence the number of outstanding shares is 265,272,203. See also Note 8 Reserve for treasury shares.