LANXESS postpones Annual Stockholders' Meeting 2020 due to corona pandemic
Meeting of shareholders to be held at a later date
CologneMarch 23, 2020
Due to the rapid spread of the coronavirus in Germany, specialty chemicals company LANXESS will not be able to hold its Annual Stockholders' Meeting scheduled for May 13, 2020 in the LANXESS arena in Cologne. The Board of Management of LANXESS AG decided today, Monday, March 23, 2020, to postpone the event to a later date.
The protection of the health of employees, stockholders and the service providers involved was the primary consideration in this decision. By postponing the event, LANXESS wants to help contain the spread of the virus.
Since the Annual Stockholders’ Meeting will not be held on the original date, the resolution on the appropriation of the 2019 balance sheet profit and thus the payment of the dividend will be postponed, among other things.
LANXESS will announce the new date for the Annual Stockholders' Meeting 2020 in due time.
The protection of the health of employees, stockholders and the service providers involved was the primary consideration in this decision. By postponing the event, LANXESS wants to help contain the spread of the virus.
Since the Annual Stockholders’ Meeting will not be held on the original date, the resolution on the appropriation of the 2019 balance sheet profit and thus the payment of the dividend will be postponed, among other things.
LANXESS will announce the new date for the Annual Stockholders' Meeting 2020 in due time.
LANXESS is a leading specialty chemicals company with sales of EUR 6.7 billion in 2023. The company currently has about 12,400 employees in 32 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives and consumer protection products. LANXESS has achieved leading positions in the Dow Jones Sustainability Index and the MSCI ESG and ISS ESG ratings, among others, for its commitment to sustainability.
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors, nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accepts any liability whatsoever arising directly or indirectly from the use of this document.
