DGAP-CMS: LANXESS Aktiengesellschaft: Release of a capital market information


LANXESS Aktiengesellschaft  / Publication pursuant to Article 5(1)(a) of
Regulation (EU) No 596/2014 and Article 2(1) of the Commission Delegated
Regulation (EU) No 2016/1052 

27.09.2016 18:42

Dissemination of a Post-admission Duties announcement, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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LANXESS Aktiengesellschaft
Cologne

- ISIN DE0005470405 -
- German Securities Identification Number (WKN) 547040 -

Publication pursuant to Article 5(1)(a) of Regulation (EU) No 596/2014 and
Article 2(1) of the Commission Delegated Regulation (EU) No 2016/1052

The Board of Management of LANXESS AG resolved to acquire up to 150,000 own
shares pursuant to Section 71 (1) no. 2 of the German Stock Corporation Act
(AktG) beginning as of 28 September 2016. The share buy-back serves the
sole purpose of meeting obligations arising from an employee share program
within the meaning of Article 5(2)(c) of Regulation (EU) No 596/2014 of 16
April 2014 on market abuse ('Market Abuse Regulation'). The share buy-back
shall be completed at the latest on 7 October 2016.

The share buy-back is limited to a purchase price (excluding incidental
costs) of up to EUR 6 million to be paid for the acquisition of the shares.
The shares will be solely acquired in the XETRA trading at the Frankfurt
Stock Exchange. The buy-back will be lead-managed by a credit institution
in accordance with the Market Abuse Regulation and Articles 2 to 4 of the
Commission Delegated Regulation (EU) No 2016/1052 of 8 March 2016
supplementing Regulation (EU) No 596/2014 of the European Parliament and of
the Council with regard to regulatory technical standards for the
conditions applicable to buy-back programmes and stabilisation measures.

The credit institution makes its trading decisions concerning the timing of
the purchases of LANXESS AG's shares independently of and uninfluenced by
LANXESS AG. LANXESS AG will thus not exercise any influence over the
decisions of the credit institution.

The relevant purchase price (excluding incidental acquisition costs) for
the shares to be bought back must not exceed or fall below the price of the
company's shares determined in the opening auction on the trading day in
the Xetra trading system (or a comparable successor system) on the
Frankfurt Stock Exchange by more than 10%. In addition, the purchase price
must not be higher than the higher of the price of the last independent
trade and the highest current independent purchase bid on the stock
exchange where the purchase is carried out. Orders shall not be placed
during an auction phase and the orders placed before the start of the
auction phase shall not be modified during that phase. Furthermore, the
credit institution shall not purchase in total on any trading day more than
25% of the average daily volume of the shares on the stock exchange on
which the purchase is carried out. The average daily volume of shares shall
be calculated based on the average daily trading volume during the 20
trading days preceding the date of purchase.

LANXESS AG will regularly provide information on the progress of the share
buy-back on its website at www.lanxess.com.

Cologne, September 2016

The Board of Management



27.09.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:     English
Company:      LANXESS Aktiengesellschaft
              Kennedyplatz 1
              50569 Köln
              Germany
Internet:     www.lanxess.com
 
End of Announcement                             DGAP News-Service
 
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