FUCHS PETROLUB ends share buyback program
On April 30, 2008 FUCHS PETROLUB AG ended the buyback of ordinary and preference shares authorized by the Annual General Meeting on May 2, 2007. A total of 564,000 ordinary shares have been acquired at an average share price of €62.65 and 564,000 preference shares at an average share price of €62.36. €70.5 million has been spent in total for 4.35% of the company's share capital. All the shares are held by the company for redemption purposes only.
A new proposal for resolution regarding a share buyback program will be submitted for approval at the company's Annual General Meeting, which takes place on May 6, 2008. After approval of the shareholders and the supervisory board, the buyback of shares is to commence immediately in accordance with this new authorization. The company will buy back these shares for redemption purposes only. This measure is intended to reduce the company's share capital by a total of 10%.
Mannheim, April 30, 2008
FUCHS PETROLUB AG
Friesenheimer Str. 17
Phone: ++49 (0) 621 3802 - 105
The ad hoc message can also be found on the Internet at www.fuchs-oil.com.
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.