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: Release of a capital market information

25.08.2021 / 16:31
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LANXESS Aktiengesellschaft
Cologne
- ISIN DE0005470405 -
- German Securities Identification Number (WKN) 547040 -
 

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.


In sum, LANXESS AG repurchased a total of 1,101,549 shares at a weighted average price of EUR 33.3151. This corresponds to 1.26 % of the company's capital stock. The total price excluding incidental costs of the repurchased shares was EUR 36,698,254.49.


The shares were repurchased by a bank commissioned by LANXESS AG exclusively via Xetra trading on the Frankfurt Stock Exchange.


As originally planned, the repurchased shares are to be cancelled.


Information on the individual share buyback transactions is also published on the LANXESS AG website at www.lanxess.com under section "Investor Relations" in accordance with Art. 2 Para. 3 of the Buyback Regulation.

 

Cologne, 25 August 2021

 

The Board of Management



25.08.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: LANXESS Aktiengesellschaft
Kennedyplatz 1
50569 Cologne
Germany
Internet: www.lanxess.com

 
End of News DGAP News Service

1228894  25.08.2021 

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