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Materialise NV Announces Plans For An Additional Listing Of Its Ordinary Shares On Euronext Brussels Alongside Its Existing Nasdaq ADS Listing, And The Launch Of An ADS Buyback Program

Author: Benzinga Newsdesk | October 30, 2025 07:14am

ADS buyback program

On October 27, 2025, the company's Board of Directors approved an up to EUR 30 million ADS buyback program over Nasdaq, subject to and with effect from not earlier than (i) the publication in the Annexes to the Belgian State Gazette of the approval by the company's general shareholders' meeting to be held on November 14, 2025 of the authorization to the Board of Directors to buy back shares and (ii) the completion of the listing of the company's shares on Euronext Brussels. Repurchases are expected to be initiated by no later than January 2026 and executed within 12 months following initiation. However, the initiation, timing and amount of repurchases pursuant to the program will depend on a variety of factors including market conditions. Based on the closing price of the Company's ADSs on Nasdaq on October 28, 2025, this amount represented approximately 6.1 million ADSs. Such number of ADSs will fluctuate depending on share price movements. The company is under no obligation to acquire any amount of ADSs. The ADS buyback program would be implemented in accordance with market practice and in compliance with the applicable law and regulations. To this end, the company expects an independent financial intermediary would be appointed to repurchase on the basis of a discretionary mandate. During the ADS buyback program, the company would regularly publish press releases with updates on the progress made (if any) as required by law. This information would also be available on the investor relations pages of Materialise's website under the News section (https://investors.materialise.com/news). The company's current intention is to hold any ADSs acquired (or underlying shares) in treasury and may in the future use these as a consideration for mergers and acquisitions, aligning with Materialise's vision for scaling its operations in key sectors such as healthcare, aerospace, and defense, and/or otherwise dispose of those ADSs or shares, including for potential share delivery commitments under future equity incentive plans. The program would be executed under the powers proposed to be granted at the extraordinary general meeting of shareholders to be held on November 14, 2025.

Posted In: MTLS

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