Share buyback
Share buyback 2020
ISIN DE0005470405 / WKN 547040
The Board of Management of LANXESS AG resolved on March 10, 2020, in line with the authorization granted by the Annual Stockholders’ Meeting on May 23, 2019, to buy own shares at a total volume of up to €500 million divided into two tranches of €250 million each, on the stock exchange. The first tranche of the share repurchase began on March 12, 2020. In light of the coronavirus pandemic, the Board of Management decided on April 6, 2020, to suspend the share repurchase program until further notice with immediate effect. LANXESS AG repurchased 1,101,549 own shares by this date. This equates to 1.26% of the company’s outstanding capital stock. The total repurchase volume amounted to €36,698,254.49, equating to an average price of around €33.32 per repurchased share.
Following the announced acquisition of IFF’s microbial control business, LANXESS stated that the suspended share buy-back program will not be continued.
The repurchased shares were cancelled on 22 September 2021.
Downloads
- Disclosure (11 March 2020)(PDF, 84.1 KB)
- 1) Overview of underlying individual trades (March 12 - March 13, 2020)(XLSX, 222.1 KB)
- 2) Overview of underlying individual trades (March 16 - March 20, 2020)(XLSX, 565.9 KB)
- 3) Overview of underlying individual trades (March 23 - March 27, 2020)(XLSX, 511 KB)
- 4) Overview of underlying individual trades (March 30 - April 3, 2020) (XLSX, 483.6 KB)
- 5) Overview of underlying individual trades (April 6, 2020)(XLSX, 113.5 KB)
- Disclosure suspend share buyback (April 7, 2020) (PDF, 16.4 KB)
- Final announcement first tranche (March 11, 2021)(PDF, 72.6 KB)
- Final announcement share buyback (August 25, 2021)(PDF, 18.9 KB)
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.
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.
