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.
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FUCHS PETROLUB continues share buyback
The Annual General Meeting of FUCHS PETROLUB AG on May 6, 2008 authorized
the company to purchase own ordinary and preference shares of up to 10% of
the share capital by November 5, 2009.
This entitles the company to continue the buyback of shares started in the
last year. Since equity base and business and cash flow development remain
strong, the Executive Board has decided, with the consent of the
Supervisory Board, to resume the buyback of own shares on May 8, 2008.
FUCHS PETROLUB AG intends to acquire up to 5.65% of the share capital by
November 5, 2009 on the stock exchange. This represents up to 732,900
ordinary shares and up to 732,900 preference shares. On the basis of the
current share price this corresponds to a value of about €100 million.
The share buyback is carried out by a bank, which is independent and not
influenced in its decision on when to acquire the company's shares,
provided legal regulations and the company's requirements regarding volume
and the period of validity of the order are met. In this context, the
purchase price per share (excluding ancillary acquisition costs) may
neither exceed nor fall below the mean share price (closing auction price
of the FUCHS share on the Xetra trading system) on the last three trading
days prior to the purchase obligation by more than 10%. The shares are
purchased for redemption purposes.
The shares are to be acquired on the stock exchange in Frankfurt and via
the XETRA trading system. The buyback takes place in compliance with the
Directive (EC) No. 2273/2003 in the version dated December 22, 2003.
Regular updates on the progress of the share buyback program are published
in the internet at www.fuchs-oil.com (<>Investor Relations<>Share buyback
program<>).
Mannheim, May 7, 2008
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Phone: (0621) 3802 – 105
The ad hoc-release can also be found on the Internet at
http://www.fuchs-oil.com.
Important note
This ad hoc-release 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-release and
assumes no liability for such.
07.05.2008 Financial News transmitted by DGAP
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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
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
End of News DGAP News-Service
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