DGAP Post-admission Duties announcement: LANXESS Aktiengesellschaft
/ Publication pursuant to Article 5 of Regulation (EU) No 596/2014 and Article 2 of the Commission Delegated Regulation (EU) No 2016/1052 / Final announcement on the share buyback announced on 11 March 2020
LANXESS Aktiengesellschaft Publication pursuant to Article 5 of Regulation (EU) No 596/2014 and Article 2 of the Commission Delegated Regulation (EU) No 2016/1052 Final announcement on the share buyback announced on 11 March 2020
LANXESS AG completed the share buyback announced on 11 March 2020 in accordance with Art. 2 Para. 2 of the Delegated Regulation (EU) 2016/1052 ("Buyback Regulation") prematurely on 24 August 2021. The share buyback program expiring 12 March 2022 with a total volume of up to EUR 500 million (excluding incidental acquisition costs) was originally divided into two tranches of EUR 250 million each. Due to the coronavirus crisis, it had been suspended indefinitely on 6 April 2020 and has not been resumed since. Under the first tranche of the share buyback program that formally ended 10 March 2021, a total of 1,101,549 shares (1.26% of the capital stock) were repurchased for a total of EUR 36.7 million in the period from 12 March to 6 April 2020. No shares were repurchased under the second tranche which was increased to EUR 463.3 million on 11 March 2021 by the funds of the first tranche not used for a repurchase.
Cologne, 25 August 2021
The Board of Management
25.08.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | LANXESS Aktiengesellschaft |
Kennedyplatz 1 | |
50569 Cologne | |
Germany | |
Internet: | www.lanxess.com |
End of News | DGAP News Service |
1228894 25.08.2021