Fuchs Petrolub AG / Share Buyback/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 starts share buy back program
On May 2, 2007 the General Assembly of FUCHS PETROLUB AG authorized the
company to buy back up to 10% of its ordinary and preference shares by
November 1, 2008.
Due to the unchanged robust equity position and the positive profit and
cash flow development, which has continued into the first quarter of 2007,
the Executive Board of the company has decided, with the approval of the
Supervisory Board, to start with the share buy back program on May 10,
2007. By November 1, 2008 FUCHS PETROLUB AG will buy back up to 10% of its
authorized capital, i.e. up to 1,296,900 ordinary and up to 1,296,900
preference shares via the stock exchange. At the current market price of
the shares this indicates an amount of about euros 170 million.
A bank will lead and execute the share buy back program independently. The
bank will purchase the shares and will not be influenced by Fuchs Petrolub
AG. It will be bound by the legal requirements and the demands of the
company with respect to volume and the duration of the purchase order. In
this context the purchase price per share (without any transaction costs)
may neither exceed nor undercut 10% of the average of the share price
(price of the final transaction of the FUCHS share on XETRA) during the
last three trading days before the actual trading takes place. The shares
are purchased for redemption only.
The shares shall be bought at the Frankfurt stock exchange, the Stuttgart
stock exchange and on XETRA. The buy back will be in line with the
regulation (EG) Nr. 2273/2003 of December 22, 2003. Regularly updated
information of the progress of the share buy back program can be found on
the internet under www.fuchs-oil.de (<> investor Relations <> Share buy
back).
Mannheim, May 8, 2007
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.de.
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.
DGAP 08.05.2007
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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
www: www.fuchs-oil.de
ISIN: DE0005790430, DE0005790406
WKN: 579043, 579040
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München
End of News DGAP News-Service
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