LANXESS worldwide

Corporate Website en | de

Asia

  • Australia 2461

  • China 522

  • India 635

  • Indonesia 2431

  • Japan 634

  • Korea 644

  • Malaysia 2458

  • Pakistan 16932

  • Philippines 2459

  • Singapore 643

  • Thailand 2460

  • Vietnam 2462

EMEA

  • Austria 656

  • Belgium 653

  • Czech 658

  • France 652

  • Hungary 660

  • Italy 651

  • Netherlands 16323

  • Poland 657

  • Russia 45

  • Serbia 37575

  • Slovakia 659

  • Spain 654

  • South Africa 6006

  • Turkey 23764

  • United Arab Emirates 16024

  • United Kingdom 1786

Americas

  • Argentina 649

  • Brazil 636

  • Canada 650

  • Mexico 648

  • USA 520

Interactive Worldmap

Find all the contact information for the LANXESS sites worldwide

find out more
Contact

Share buyback 2007

ISIN DE0005470405 / WKN 547040

The Management Board of LANXESS AG decided on August 10, 2007 to repurchase shares of the company.

The resolution is based on the authorization of the Annual General Meeting on Mai 31, 2007, to repurchase own shares in line with the authorization pursuant to Section 71, Paragraph 1, No. 8 of the German Stock Corporation Act up to 10 % of the present  capital stock (84,620,670 euro).

The share buy-back takes place In the period from August 20, 2007 to September 30, 2007. In the course of the share buy-back, LANXESS AG may repurchase shares in an amount representing a maximum total purchase price (including transaction costs) of 50,000,000 Euro.  The repurchase program will be carry out via the stock exchange. The shares are to be retired.

The share buy-back will be lead-managed by an investment firm and in accordance with Section 14 para. 2 and Section 20a para. 3 of the German Securities Trading Act in conjunction with rules of Commission Regulation (EC) No. 2273/2003 of December 22, 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments.