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LANXESS Announces Record Participation Level for Company Employee Stock Plan - The employee stock plan offered by specialty chemicals company LANXESS AG is again proving very popular - LANXESS.com
LANXESS Announces Record Participation Level for Company Employee Stock Plan

 

NewswireToday - /newswire/ - Leverkusen, Germany, 2011/07/20 - The employee stock plan offered by specialty chemicals company LANXESS AG is again proving very popular - LANXESS.com. FRA: DE Frankfurt: LXS

   
 
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About 75 percent of the approximately 8,000 eligible employees in Germany are taking part in the 2011 stock plan. This means the high participation rates of previous years have once again been exceeded: In 2008, 73 percent of eligible employees bought LANXESS shares for their deposits; in 2007 about 64 percent and in 2006 some 58 percent.

"We are very pleased with this record that clearly shows our employees in Germany are convinced by the company’s growth story," commented CFO Bernhard Düttmann.

The LANXESS Group offered managerial and non-managerial employees in Germany the opportunity to buy shares in the company at a discount of 50 percent to the price of €57.54. The shares are subject to a three-year lock-up period.

LANXESS is a leading specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently around 15,500 employees in 30 countries. The company is at present represented at 46 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

Contact
Rudolf Eickeler, Spokesperson Financial and Business Media
T: +49 214 30 40483 / F: +49 214 30 50691 / E: rudolf.eickeler[.]lanxess.com.

 
 
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Written by / Agency / Source: LANXESS

 
 

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LANXESS Announces Record Participation Level for Company Employee Stock Plan

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LANXESS |
Publisher Contact: Daniel Smith - LANXESS.com 
+49 214 30-75179 daniel-alexander.smith[.]lanxess.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LANXESS securities in any jurisdiction including any other companies listed or named in this release.

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