Materialise to list on Euronext Brussels, launch €30M ADS buyback
Materialise, headquartered in Leuven, Belgium, has announced plans to pursue an additional listing of its ordinary shares on Euronext Brussels, complementing the existing Nasdaq listing of its American depositary shares (ADSs) representing ordinary shares, and to launch an ADS buyback programme.
“At Materialise, we are proud of our heritage and our global ambitions,” said Brigitte de Vet, CEO of Materialise. “Pursuing an additional listing on Euronext Brussels is a natural step in broadening our investor base while continuing to build on our global growth strategy. By aligning our roots with our vision, we aim to create long-term value for shareholders and support innovation across industries from healthcare to aerospace, and beyond.”
The listing is designed to further enhance Materialise’s profile and expand its investor base, reflecting the company’s commitment to both US and European investors. While the company states that its Nasdaq listing remains integral to its global strategy, an additional listing will enable investors to trade shares directly on Euronext as well as ADSs on Nasdaq.
Listing on Euronext Brussels is intended to provide the company with access to additional capital in the future, if needed, and to create additional liquidity options for the company’s shareholders. Additionally, this listing aims to provide Materialise with enhanced operational flexibility, including the option to initiate ADS and/or share buyback programmes.
No shares will be offered, and no capital will be raised in connection with the listing which is expected to happen on or around November 20, 2025. KBC Securities acts as the listing agent for Materialise’s listing on Euronext Brussels.
ADS buyback programme
On October 27, 2025, the company’s Board of Directors approved an up to €30 million ADS buyback programme over Nasdaq, subject to and with effect from no 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 authorisation 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 begin by January 2026 and will be executed within 12 months following initiation. However, the initiation, timing and amount of repurchases pursuant to the programme 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 a 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 programme 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 to be appointed to repurchase on the basis of a discretionary mandate.
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 defence, and/or otherwise dispose of those ADSs or shares, including for potential share delivery commitments under future equity incentive plans. The programme would be executed under the powers proposed to be granted at the extraordinary general meeting of shareholders to be held on November 14, 2025.
