SCR-Sibelco N.V. (ENXTBR:094426466) commences a share repurchases on January 12, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on January 12, 2024. As per the mandate, the company is authorized to repurchase up to 89,051 shares, representing 18.94% of its issued share capital, for ?610 million. The shares will be repurchased at a price of ?6,850 per share.

The program is aimed at offering an extraordinary liquidity event to the company's shareholders, giving shareholders a choice to either participate in the offer by tendering their shares in the offer and reduce their shareholding in the company or to remain fully invested in Sibelco and to benefit from the potential future value creation at Sibelco level through further growth of the company's business and, as the case may be, through a future sale of the shares purchased in the offer or of the HPQ Business and providing a possibility for LL/QW to cease to be a shareholder. The authorization is granted for a period of six weeks following the publication of the buyback authorization in the Annexes to the Belgian Official Gazette.