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BASF to launch share repurchase program

 Last Update: 2022-04-21
 Source: Internet
 Author: User

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Repurchase of own shares from January 2022 to the end of 2023

Cancellation of repurchased shares and corresponding reduction in share capital

Based on the positive development and the divestiture project in 2021, the Executive Board of BASF Europe recently made a resolution on the share repurchase plan, involving up to 3 billion euros

The share repurchase program is based on the authorizing resolution of the Annual General Meeting of Shareholders of BASF Europe on May 12, 2017, which authorizes the Executive Board to purchase up to 10% of the issued shares (10% of the company's share capital) until May 11, 2022

BASF remains committed to its progressive dividend policy

Based on the strength of the company's balance sheet and its ability to consistently deliver high free cash flow, BASF will continue to strive to maintain its stable A credit rating

From 1999 to 2008, BASF bought back some 9.

About BASF

At BASF, we create a new role for chemistry – in pursuit of a sustainable future

Forward-Looking Statements

This press release contains forward-looking statements that are based on BASF's management's current expectations, estimates and expectations, as well as current information

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