Arkema S.A. (ENXTPA:AKE) commences share repurchases on May 15, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 11, 2023. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital, such that it's holding in treasury does not exceed 10% of its own shares. The repurchases will be made at a maximum price of €160 per share, for an aggregate cost of up to €1,200.70 million.

The repurchased shares will be completely or partially cancelled in order to reduce the company's share capital, will be used to hold and subsequently deliver them in exchange or as payment within the scope of any potential external growth transactions, it being specified that the shares acquired for this purpose may not exceed 5% of the company's share capital at the time of the acquisition or purchase or sales transactions within the scope of a liquidity contract entered into with an investment services provider and consistent with the code of ethics recognized by the French financial markets authority, as well as any market practice subsequently permitted by the French financial markets authority or by law, to deliver shares upon the exercise of rights attached to negotiable securities giving access by any means, whether immediately or in future, to shares of the company, as well as carrying out any hedging transactions in respect of the company's obligations related to such securities, to cover share purchase option plans granted to employees or officers of the company or its group, to award free grants of the company's shares to employees or officers of the company or its group, to offer employees the right to acquire shares, whether directly or via an employee savings plan or to cancel all or part of the purchased shares in order to reduce the company's share capital. The program will be valid for a period of 18 months.