The Annual General Meeting of FUCHS PETROLUB AG on May 6, 2008 authorized the company to purchase own ordinary and preference shares of up to 10% of the share capital by November 5, 2009.
This entitles the company to continue the buyback of shares started in the last year. Since equity base and business and cash flow development remain strong, the Executive Board has decided, with the consent of the Supervisory Board, to resume the buyback of own shares on May 8, 2008. FUCHS PETROLUB AG intends to acquire up to 5.65% of the share capital by November 5, 2009 on the stock exchange. This represents up to 732,900 ordinary shares and up to 732,900 preference shares. On the basis of the current share price this corresponds to a value of about €100 million.
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. 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 trading days prior to the purchase obligation by more than 10%. The shares are purchased for redemption purposes.
The shares are to be acquired on the stock exchange in Frankfurt and via the XETRA trading system. The buyback takes place in compliance with the Directive (EC) No. 2273/2003 in the version dated December 22, 2003. Regular updates on the progress of the share buyback program are published in the internet at www.fuchs-oil.com (<>Investor Relations<>Share buyback program<>).
Ordinary Share
Total value of first authorization:
564.000 shares at the price of 62.65 EUR = 35,337,326.38
Period
Shares repurchased
(#)
Average price per share
(EUR)
Total value
(EUR)
Week 1: 8.5. - 11.5.08
6,919
67.37
466,154.60
Week 2: 12.5. - 18.5.08
13,698
66.94
916,917.76
Week 3: 19.5. - 25.5.08
13,603
69.80
949,426.92
Week 4: 26.5. - 1.6.08
16,297
66.66
1,086,406.79
Week 5: 2.6. - 8.6.08
15,676
68.07
1,067,024.59
Week 6: 9.6. - 15.6.08
18,257
66.67
1,217,135.41
Week 7: 16.6. - 22.6.08
16,454
63.51
1,045,000.12
Week 8: 23.6. - 29.6.08
15,800
61.34
969,222.29
Week 9: 30.6. - 6.7.08
14,195
61.99
879,906.73
Week 10: 7.7. - 13.7.08
15,188
62.89
955,115.86
Week 11: 14.7. - 20.7.08
15,535
61.22
951,010.09
Week 12: 21.7. - 27.7.08
15,419
56.86
876,734.17
Week 13: 28.7. - 3.8.08
17,819
58.53
1,042,901.76
Week 14: 4.8. - 10.8.08
16,900
57.37
969,565.85
Week 15: 11.8. - 17.8.08
17,100
55.73
952,975.33
Week 16: 18.8. - 24.8.08
8,100
53.35
432,150.23
Week 17: 25.8. - 31.8.08
8,191
56.13
459,735.62
Total
245,151
62.16
15,237,384.12
Preference Share
Total value of first authorization:
564.000 shares at the price of 62.36 EUR = 35,171,151.13
Period
Shares repurchased
(#)
Average price per share
(EUR)
Total value
(EUR)
Week 1: 8.5. - 11.5.08
6,913
65.61
453,580.06
Week 2: 12.5. - 18.5.08
13,750
65.77
904,342.89
Week 3: 19.5. - 25.5.08
19,471
65.37
1,272,800.73
Week 4: 26.5. - 1.6.08
11,526
64.05
738,275.15
Week 5: 2.6. - 8.6.08
14,284
66.52
950,236.10
Week 6: 9.6. - 15.6.08
18,506
67.06
1,240,944.95
Week 7: 16.6. - 22.6.08
18,819
62.86
1,182,870.63
Week 8: 23.6. - 29.6.08
15,600
59.87
933,906.20
Week 9: 30.6. - 6.7.08
17,702
59.54
1,053,992.40
Week 10: 7.7. - 13.7.08
14,231
59.84
851,616.90
Week 11: 14.7. - 20.7.08
16,000
56.35
901,557.29
Week 12: 21.7. - 27.7.08
15,400
50.80
782,338.22
Week 13: 28.7. - 3.8.08
16,100
51.10
822,662.71
Week 14: 4.8. - 10.8.08
16,800
49.78
836,299.51
Week 15: 11.8. - 17.8.08
16,800
48.44
813,761.41
Week 16: 18.8. - 24.8.08
11,700
46.53
544,430.11
Week 17: 25.8. - 31.8.08
5,000
48.47
242,370.70
Total
248,602
58.43
14,525,985.96
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