On 31 December 2023 DSM B.V. held 392,572 ordinary shares of DSM-Firmenich AG. The acquisition value amounted to €44.1 million (CHF 40.8 million), for which a Reserve for treasury shares was recognized by DSM-Firmenich AG as at 31 December 2023. The average cost price per share was €112.34 (CHF 104.03).
In 2024, all treasury shares previously held by DSM B.V. were sold to DSM-Firmenich AG and the Reserve for treasury shares was derecognized against the Reserve from capital contributions. See also Note 9 Forward contracts to repurchase shares/treasury shares.