DGAP-Adhoc: LANXESS Aktiengesellschaft: LANXESS suspends share buy-back
DGAP-Ad-hoc: LANXESS Aktiengesellschaft / Key word(s): Share Buyback Ad hoc according to Art. 17 Para. 1 MAR LANXESS suspends share buy-back In view of the corona crisis, the Board of Management of LANXESS AG decided today to suspend the share buy-back program decided on March 10, 2020 for an indefinite period. The program has a total volume of up to EUR 500 million and was initiated on March 12, 2020 with a first tranche of up to EUR 250 million. The aim is to conserve the Group's liquidity in light of the current uncertainties due to the corona pandemic. The Board of Management of LANXESS will continuously monitor the challenging situation and decide about a resumption of the share buy-back program in due course. Cologne, 06 April 2020
Contact: André Simon LANXESS AG Head of Investor Relations Kennedyplatz 1 50569 Köln, Deutschland Telefon: +49 221 8885-3494 Fax: +49 221 8885-4944 E-Mail: [email protected]
06-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | LANXESS Aktiengesellschaft |
Kennedyplatz 1 | |
50569 Cologne | |
Germany | |
Phone: | +49 (0)221 8885-3494 |
Fax: | +49 (0)221 8885-4944 |
E-mail: | [email protected] |
Internet: | www.lanxess.com |
ISIN: | DE0005470405 |
WKN: | 547040 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1016245 |
End of Announcement | DGAP News Service |
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1016245 06-Apr-2020 CET/CEST
Lanxess AG Stock
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