LANXESS decides on share buy-back

Cologne

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.

MORE ABOUT THIS TOPIC

AD HOC

LANXESS signs contract to sell Urethane Systems business for an enterprise value of €460 m to UBE Corporation - proceeds will be used to reduce net financial debt

October 03, 2024
AD HOC

LANXESS: EBITDA pre exceptionals for second quarter 2024 significantly above market expectation

July 17, 2024
AD HOC

Impairment of goodwill and adjustment of at-equity book value of minority interest in Envalior

February 27, 2024
AD HOC

LANXESS adjusts expectations FY 2023; Board of Management proposes dividend reduction

November 06, 2023
AD HOC

LANXESS: Results for Q2 and FY 2023 estimated below market expectations

June 19, 2023