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par BASF SE (isin : DE000BASF111)

EQS-Adhoc: BASF SE: BASF terminates share buyback program ahead of schedule

EQS-Ad-hoc: BASF SE / Key word(s): Share Buyback
BASF SE: BASF terminates share buyback program ahead of schedule

24-Feb-2023 / 06:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


BASF terminates share buyback program ahead of schedule

 

Ludwigshafen – February 24, 2023 – In line with the company’s priorities for the use of cash and in view of the profound changes in the global economy in the course of 2022, the Board of Executive Directors of BASF SE has decided to terminate the share buyback program ahead of schedule. On January 11, 2022, BASF SE disclosed pursuant to art. 5 para. 1 lit. a) of the Regulation (EU) no. 596/2014 and art. 2 para. 1 of the Delegated Regulation (EU) no. 2016/1052 the start of the share buyback on January 11, 2022.

The share buyback program was intended to reach a volume of up to €3 billion and be concluded by December 31, 2023, at the latest. The volume of shares which have been bought back within the framework of the share buyback program in the period from January 11, 2022, until and including February 17, 2023, amounts to a number of 25,804,062 shares; this corresponds to 2.8 percent of the share capital on announcement of the program. The purchase price for these own shares totaled around €1.4 billion. The purchase of the shares was carried out by the banks that had been commissioned by BASF SE via the electronic trading platform of the Frankfurt Stock Exchange (Xetra).

Detailed information on the share buyback program is published on the website of BASF SE at www.basf.com/sharebuyback. The share repurchases still executed in the current week will also be published on this website on February 27, 2023.

 

Contact
Dr. Stefanie Wettberg
Investor Relations
+49 621-60-48002
stefanie.wettberg@basf.com
 

Jens Fey
Corporate Media Relations
+49 621-60-99123
jens.fey@basf.com


24-Feb-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language:English
Company:BASF SE
Carl-Bosch-Straße 38
67056 Ludwigshafen
Germany
Phone:+49 (0)621 60-0
Fax:+49 (0)621 60-4 25 25
E-mail:info.service@basf.com
Internet:www.basf.com
ISIN:DE000BASF111, DE000A0JRFB0, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JRFA2, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JQF26, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0EUB86, Frankfurter Wertpapierbörse, DE0008846718, Frankfurter Wertpapierbörse, DE000A0XFK16, Börse Luxemburg, Frankfurter Wertpapierbörse, XS0420401779, Börse Luxemburg, XS0412154378, Börse Luxemburg, Frankfurter Börse, DE000A0T4DU7,Börse Luxemburg, Frankfurter Börse, CH0039943292, Swiss Exchange (SWX), CH0039943383, Swiss Exchange (SWX), DE000A0TKBM, Börse Luxemburg, Frankfurter Börse, XS0414672070, Börse Luxemburg, ,
WKN:BASF11, WKN A0JRFB, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JRFA, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JQF2, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0EUB8, Frankfurter Wertpapierbörse, , WKN 884671, Frankfurter Wertpapierbörse, , WKN A0XFK1, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0XFHJ, Börse Luxemburg, , WKN A0T6EG, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0T4DU, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN 3994329, Swiss Exchange (SWX), , WKN 3994338, Swiss Exchange (SWX), , WKN A0TKBM, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0T65R, Börse Luxemburg,
Indices:DAX, EURO STOXX 50
Listed:Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; London, SIX
EQS News ID:1567573

 
End of AnnouncementEQS News Service

1567573  24-Feb-2023 CET/CEST

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