LANXESS decides on share buy-back
The Board of Management of LANXESS AG decided to make use of the authorization granted by the Stockholders’ Meeting on 20 May 2016 and to acquire own shares of up to EUR 200 million (excluding incidental costs) via the stock exchange. On the basis of the current share price (status: 9 January 2019), this would amount to around 4.9 % of the share capital and would correspond to a number of approximately 4.5 million own shares.
The share buy-back will start on 14 January 2019 at the earliest and shall be completed at the latest on 31 December 2019. The acquired shares shall be redeemed.