DGAP-CMS: FUCHS PETROLUB SE: Release of a capital market

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News Desk 2018

Nov 26, 2013 at 7:30 AM

DGAP-CMS: FUCHS PETROLUB SE: Release of a capital market information

FUCHS PETROLUB SE / Bekanntmachung nach Art. 4 Abs. 2 der Verordnung (EG) Nr. 2273/2003 26.11.2013 13:26 Dissemination of a Post-admission Duties announcement, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- FUCHS PETROLUB launches share buyback program and plans to issue bonus shares (capital increase from corporate funds) Mannheim, November 26, 2013 The Executive Board at FUCHS PETROLUB SE today passed a resolution, exercising the authorization issued by the Annual General Meeting on May 5, 2010, to acquire a maximum of one million ordinary and one million preference shares in the company for a total purchase price of up to EUR 100 million. On the basis of the closing price on November 25, this corresponds to around 2.4% of the current share capital. The decision was taken in light of the robust shareholders' equity, the sound business development and cash flow development in the year to date, as well as to optimize the capital structure. The envisaged volume is based on the amount of surplus cash and the anticipated free cash flow in the next few months. At the same time, the dividend policy currently in place, which targets constant increases or at the very least stable dividend payouts, will be continued. Furthermore, the Executive Board intends to propose a capital increase from corporate funds to the Annual General Meeting on May 7, 2014. This capital increase would involve issuing bonus shares at a ratio of 1:1. The issuing of bonus shares does not have any influence on the absolute level of shareholders' equity. It only affects its composition. The share buyback and the proposal to issue bonus shares are an expression of the Executive Board's confidence in the future economic development of the FUCHS Group. Additionally an increased trading liquidity of the FUCHS shares is expected. FUCHS' acquisition strategy will not be affected. Should suitable acquisition opportunities present themselves, FUCHS remains capable and willing to act in this regard. In addition to the cash funds, FUCHS also has access to free lines of credit totaling more than EUR 100 million. FUCHS PETROLUB will commence the buyback of its own shares on November 27, 2013 and complete the buyback process by March 31, 2015. 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. The bank is in particular obligated to execute the share buyback program in accordance with the trading provisions of EC Council Regulation No. 2273/2003 in the version dated December 22, 2003. 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 days of trading prior to the purchase obligation by more than 10%. The shares will be acquired exclusively for the purpose of redemption based on the authorization resolution of the Annual General Meeting from May 5, 2010.The share buyback program may be halted and resumed at any time in line with the legal stipulations to be observed. The shares are to be acquired in XETRA trading. The buyback is to be performed in compliance with the EC Council Regulation. Further and regularly updated information on the progress of the share buyback program can be viewed on the Internet at www.fuchs-oil.com (Investor RelationsShare Buyback Program). Mannheim, November 26, 2013 FUCHS PETROLUB SE The Executive Board 26.11.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: FUCHS PETROLUB SE Friesenheimer Str. 17 68169 Mannheim Germany Internet: www.fuchs-oil.de End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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