ISIN DE0005470405 / WKN 547040
The Board of Management of LANXESS AG decided on 10 January 2019 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. The share buy-back started on 14 January 2019 and was completed on 12 June 2019. LANXESS AG repurchased a total of 4,075,084 shares at a weighted average price of EUR 49.0787. This corresponds to 4.453% of the company's capital stock. The total price excluding incidental costs of the repurchased shares was EUR 199,999,958.47.
The repurchased shares were cancelled on 12 July 2019.
Share Buyback 2019
Announcement pursuant to section 5 para 3 of Regulation (EU) No. 596/2014 in conjunction with section 2 para 2 and 3 of the delegated regulation (EU) 2016/1052 of the commission
The share buyback was suspended from May 20, 2019 until May 31, 2019 due to the Annual Stockholders' Meeting of LANXESS scheduled for May 23, 2019 and the following dividend payments.