September 14, 2007 | Investor News
Share buyback
Management Board decides to retire shares and to decrease share capital.
The Management Board of LANXESS AG decided to retire 1.418.000 shares repurchased during the company’s share buy-back program and to decrease the company’s share capital accordingly. The amended share capital of LANXESS AG will amount to EUR 83,202,670.
In August LANXESS AG decided to repurchase shares of the company up to the value of EUR 50 million. On August 30, 2007 LANXESS AG completed the share buy-back program which was launched on August 20, 2007. By August 30, 2007 a total of 1,418,000 shares, or 1.68% of the share capital, had been repurchased on the stock exchange at an average price of EUR 35.18 per share through the investment firm engaged by LANXESS AG. This amounts to a total consideration of approximately EUR 49.9 million including transaction costs.
Leverkusen, September 14, 2007
Forward-Looking Statements
This news release contains forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
