Arena_008.tif

LANXESS Annual Stockholders' Meeting

I. Agenda Item 2

2. Adoption of a resolution regarding the appropriation of the balance sheet profits

The Board of Management and the Supervisory Board propose that the net retained profits of EUR 279,358,454.56 for the fiscal year 2019 shall be used as follows:

- Distribution of a dividend of EUR 0.95 per
  dividend-bearing no-par value share 

 EUR 82,028,987.85
 - Profit carried forward  EUR 197,329,466.71
 Total net retained profits  EUR 279,358,454.56
 

The stated amounts available for dividend payouts and profit carried forward were based on the dividend-bearing no-par value shares (86,346,303) existing when the Board of Management and the Supervisory Board proposed the resolution. The Company held 1,101,549 own shares at this date, which are not eligible for dividends. The Company acquired the own shares in the period from March 12, 2020, to April 6, 2020, as part of the share buy-back program resolved on March 10, 2020. Because of the coronavirus pandemic, the share buy-back program was indefinitely suspended on April 6, 2020, with immediate effect. 

If the number of dividend-bearing no-par value shares changes by the date of the Annual Stockholders’ Meeting, the following resolution, adapted to this change, will be proposed to the Annual Stockholders’ Meeting: The dividend amount per dividend-bearing no-par value share of EUR 0.95 remains unchanged. Insofar as the number of dividend-bearing no-par value shares and therefore the sum of dividends increases, the amount of profit carried forward shall decrease accordingly. Insofar as the number of dividend-bearing shares and therefore the sum of dividends decreases, the amount of profit carried forward shall increase accordingly.

According to Section 58 Para. 4 Sentence 2 AktG, the claim to the dividend is due on the third business day following the resolution of the Annual Stockholders’ Meeting, i.e. on Tuesday, September 1, 2020, which is when it will be paid out.

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