LANXESS Aktiengesellschaft
LANXESS Aktiengesellschaft: Release of a capital market information
LANXESS Aktiengesellschaft
/ Publication pursuant to Article 5 of Regulation (EU) No 596/2014 and Article 2 of the Commission Delegated Regulation (EU) No 2016/1052 / Final announcement on the first tranche of the share buyback announced on 11 March 2020
LANXESS Aktiengesellschaft Publication pursuant to Article 5 of Regulation (EU) No 596/2014 and Article 2 of the Commission Delegated Regulation (EU) No 2016/1052 Final announcement on the first tranche of the share buyback announced on 11 March 2020
Under the first tranche of the share buyback program, a total of 1,101,549 shares (1.26% of the capital stock) were repurchased for a total of EUR 36.7 million in the period from 12 March to 6 April 2020. No further shares have been repurchased since the suspension on 6 April 2020. The shares were repurchased by a bank commissioned by LANXESS AG exclusively via Xetra trading on the Frankfurt Stock Exchange. Against the background of the current strategic realignment of LANXESS AG, the company’s liquidity is to be preserved at present and the share buyback program, the second tranche of which is still outstanding, is to remain suspended until further notice. Since the EUR 250 million originally earmarked for the first tranche was not fully used for the buyback, the second tranche is to be increased accordingly to EUR 463.3 million. A decision on whether to resume the share buyback program and a possible prolongation will be taken in due course depending on the further progress of the strategic realignment. The same applies to a decision on cancellation of the shares repurchased under the first tranche. Information on the individual share buyback transactions is also published on the LANXESS AG website at www.lanxess.com under section “Investor Relations” in accordance with Art. 2 Para. 3 of the Buyback Regulation. Cologne, 11 March 2021 The Board of Management
11.03.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | LANXESS Aktiengesellschaft |
Kennedyplatz 1 | |
50569 Cologne | |
Germany | |
Internet: | www.lanxess.com |
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