FUCHS PETROLUB AG concludes share buyback program
Fuchs Petrolub AG / Share Buyback
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Ad hoc
FUCHS PETROLUB AG concludes share buyback program
A resolution passed by the Annual General Meeting on May 2, 2007 authorized the Executive Board to purchase and redeem own shares of the company. The Annual General Meeting of May 6, 2008 authorized the Executive Board to continue the share buyback begun in 2007 through November 5, 2009. In line with this authorization, the Executive Board purchased a total of 1,139,000 ordinary shares and 1,139,000 preference shares representing EUR 3 per share of the share capital via the stock exchange in the period between May 10, 2007 and March 10, 2009. This corresponds to 8.8% of the share capital of the company.
The Executive Board of FUCHS PETROLUB AG has today decided to end the current share buyback program and proceed with the redemption of all shares purchased under the two share buyback programs. Ending the program at this time facilitates the organizational execution of the upcoming Annual General Meeting. The aim of buying back shares of up to 10% of share capital has materially been achieved. A resumption of the share buyback program following the Annual General Meeting on May 6, 2009 is therefore not intended.
A separate announcement regarding the implementation of the share redemption will be made in due course. Detailed information on the progress of the share buyback program can be found on the internet at http://www.fuchs-oil.de/sharebuyback00.html.
Mannheim, March 11, 2009
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Phone: ++49 (0) 621 3802 - 105
The ad hoc message can also be found on the internet at http://www.fuchs-oil.com.
Important note
This ad hoc message contains statements about future development that are based on assumptions and estimates by the management of FUCHS PETROLUB AG. 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 to the overall economic climate, changes to exchange rates and interest rates and changes in the lubricants industry. FUCHS PETROLUB AG 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 message and assumes no liability for such.
11.03.2009 Financial News transmitted by DGAP
Language: English
Issuer: Fuchs Petrolub AG
Friesenheimer Str. 17
68169 Mannheim
Deutschland
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-190
E-mail: contact-de.fpoc@fuchs-oil.de
Internet: www.fuchs-oil.de
ISIN: DE0005790406, DE0005790430
WKN: 579040, 579043
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg, München
End of News DGAP News-Service