BASF SE: BASF decides on a share buyback program with a volume of up to 3 billion euros


DGAP-Ad-hoc: BASF SE / Keyword (s): Share buyback
BASF SE: BASF decides on a share buyback program with a volume of up to 3 billion euros

04-Jan-2022 / 12:57 CET / CEST
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BASF decides on a share buyback program with a volume of up to € 3 billion

– Own shares to be bought back from January 2022 to the end of 2023

– Repurchased shares to be canceled, reducing the share capital accordingly

Ludwigshafen – January 4, 2022 – In view of the positive development of business and divestitures in 2021, the BASF SE Board of Directors has today decided on a share buyback program. The program, for a maximum amount of 3 billion euros, will begin in January 2022 and end no later than December 31, 2023, subject to a renewed authorization to buy back own shares by the General Meeting of BASF SE shareholders on April 29, 2022. BASF SE will cancel all repurchased shares and reduce the share capital accordingly.

The share buyback program is based on the authorization of the Annual General Meeting of Shareholders of BASF SE of May 12, 2017 authorizing the Board of Directors to purchase up to 10 percent of the shares issued at the time of the resolution. (10 percent of the company’s share capital) until May 11, 2022. BASF intends to propose to the 2022 Annual General Meeting a renewed authorization to buy back own shares. The purchase will be executed on the electronic trading platform of the Frankfurt Stock Exchange (Xetra) and will be made using the safe harbor exemption for buyback programs in Article 5 of the EU Regulation on market abuse (MAR).

BASF remains attached to its progressive dividend policy. Share buybacks are another tool that BASF will use in addition to creating value for its shareholders. Thanks to the share buyback, available capital will be returned to shareholders, the company’s capital structure optimized and earnings per share increased. BASF will continue to prioritize organic growth in its use of capital, while acquisitions are currently less relevant to the company.

Based on the strength of its balance sheet and the company’s ability to consistently generate high free cash flow, BASF continues to strive to maintain a strong A rating. BASF currently has a rating of A / A- 1 / stable outlook from Standard & Poor’s and A3 / P-2 / stable outlook from Moody’s. Fitch currently gives BASF a rating of A / F1 / outlook stable.

From 1999 to 2008, BASF repurchased shares for approximately 9.9 billion euros and reduced the number of outstanding shares by approximately 29 percent in total.

Dr Stefanie Wettberg
Investor Relations
+49 621-60-48002
[email protected]

Jens fey
Corporate media relations
+49 621 60-99123
[email protected]

04-Jan-2022 CET / CEST DGAP’s distribution services include regulatory announcements, financial / corporate news and press releases.
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Language: English
Society: BASF SE
Carl-Bosch Street 38
67056 Ludwigshafen
Call: +49 (0) 621 60-0
Fax: +49 (0) 621 60-4 25 25
E-mail: [email protected]
The Internet:
IS IN: DE000BASF111, DE000A0JRFB0, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JRFA2, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JQF26, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0EUB86 Frankfurter Wertpapierbörse, DE0008846718, Frankfurter Wertpapierbörse, DE000A0XFK16, Börse Luxembourg, Deutsche Börse, XS0420401779, Börse Luxembourg XS0412154378 , Börse Luxemburg, Frankfurter Börse, DE000A0T4DU7, Börse Luxemburg, Frankfurter Börse, CH0039943292, Swiss Exchange (SWX), CH0039943383, Swiss Exchange (SWX), DE000A0TKBM, Börse Luxembourg, Frankfurter Börse20, XS04141470, Börse Luxembourg, Frankfurter Börse20, Börse
WKN: BASF11, WKN A0JRFB, Börse Dublin, Frankfurter Wertpapierbörse,, WKN A0JRFA, Börse Dublin, Frankfurter Wertpapierbörse,, WKN A0JQF2, Börse Dublin, Frankfurter Wertpapierbörse, Börse, WKN A0JRFA, Börse Dublin, Frankfurter Wertpapierbörse,, WKN A0JQF2, Börse Dublin, Frankfurter Wertpapierbörse, Börse, A0Xburter1JRFA, Frankfurter1, Frankfurter1, Frankfurter1, Frankfurter2JRF, Wertpapierpier, Luxembourg , WKN A0XFHJ, Börse Luxembourg,, WKN A0T6EG, Börse Luxemburg, Frankfurter Wertpapierbörse,, WKN A0T4DU, Börse Luxembourg, Frankfurter Wertpapierb2999Kse, W, Bourse suisse 399XSW, KW),, Luxembourg, WKN, WKN BörseTKBert0TKBert Börse Luxembourg,
Indices: DAX, EURO STOXX 50
Registered: Regulated market in Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Unofficial market regulated in Tradegate Exchange; London, SIX
EQS News ID: 1264727

End of the announcement DGAP Information Service

1264727 04-Jan-2022 CET / CEST

EQS 2022

Analyst Recommendations on BASF SE
Sales 2021 77,128 million
86,985 million
86,985 million
Net income 2021 5 631 million
6,351 million
6,351 million
Net debt 2021 14,421 million
16,264 million
16,264 million
PER 2021 ratio 10.0x
Yield 2021 5.44%
Capitalization 57,478 million
64,903 million
64,824 million
VE / Sales 2021 0.93x
VE / Sales 2022 0.95x
Number of employees 110 672
Free float 100%

Duration :

Period :

BASF SE Technical Analysis Chart |  MarketScreener

BASF SE Technical Analysis Trends

Short term Mid Road Long term
Tendencies Neutral Bearish Bearish

Evolution of the income statement

To sell

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Average consensus SURPASS
Number of analysts 24
Last closing price

€ 62.58

Average price target

€ 78.63

Spread / Average target 25.6%
Jan 1 Capi. (M $)
BASF SE 1.29% 64,903

About Irene J. O'Donnell

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