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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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
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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
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
End of News DGAP News-Service
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