FUCHS PETROLUB SE / Key word(s): Share Buyback
26.11.2013 12:54
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc
FUCHS PETROLUB launches share buyback program and plans to issue bonus
shares (capital increase from corporate funds)
The Executive Board at FUCHS PETROLUB SE today passed a resolution,
exercising the authorization issued by the Annual General Meeting on May 5,
2010, to acquire a maximum of one million ordinary and one million
preference shares in the company for a total purchase price of up to EUR
100 million.
Furthermore, the Executive Board intends to propose a capital increase from
corporate funds to the Annual General Meeting on May 7, 2014. This capital
increase would involve issuing bonus shares at a ratio of 1:1.
The share buyback and the proposal to issue bonus shares are an expression
of the Executive Board's confidence in the future economic development of
the FUCHS Group. This should also result in an increased trading liquidity
of the FUCHS shares.
FUCHS PETROLUB will commence the buyback of its own shares on November 27,
2013 and complete the buyback process by March 31, 2015.
The shares will be acquired for the purpose of redemption based on the
authorization resolution of the Annual General Meeting from May 5, 2010.
The shares are to be acquired in XETRA trading. The buyback will take place
in compliance with EC Council Regulation No. 2273/2003 in the version dated
December 22, 2003.
Mannheim, November 26, 2013
FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel: +49 (0)621 3802-1104
E-Mail: tina.vogel@fuchs-oil.de
This ad hoc release is also available on the Internet at
http://www.fuchs-oil.com.
Important note
This ad hoc release contains statements about future developments that are
based on assumptions and estimates made by the management of FUCHS PETROLUB
SE. Even if the management is of the opinion that these assumptions and
estimates are accurate, future actual developments and future actual
results may differ significantly from these assumptions and estimates due
to a variety of factors. These factors can include changes in the overall
economic climate, changes to exchange rates and interest rates, and changes
in the lubricants industry. FUCHS PETROLUB SE provides no guarantee that
future developments and the results actually achieved in the future will
agree with the assumptions and estimates set out in this ad hoc release and
assumes no liability for such.
26.11.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: FUCHS PETROLUB SE
Friesenheimer Str. 17
68169 Mannheim
Germany
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-7190
E-mail: ir@fuchs-oil.de
Internet: www.fuchs-oil.de
ISIN: DE0005790430, DE0005790406
WKN: 579043, 579040
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
End of Announcement DGAP News-Service
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DGAP-Adhoc: FUCHS PETROLUB launches share buyback program and plans to issue bonus shares (capital increase from corporate funds)
| Source: EQS Group AG