BASF SE: Publication of information on the capital market


Declaration on the repurchase of shares according to art. 5 par. 1 bed. a) of Regulation (EU) no. 596/2014 and art. 2 par. 1 of Delegated Regulation (EU) no. 2016/1052

Ludwigshafen – January 11, 2022 – The share buyback as decided by the Board of Directors of BASF SE on January 4, 2022 and announced by BASF SE in the ad hoc press release of January 4, 2022 will begin on January 11, 2022. Société actions d ‘a maximum value of 3 billion euros (excluding ancillary transaction costs), but not more than 91.8 million shares, will be acquired by December 31, 2023 at the latest. cancel the repurchased shares. The Board of Directors thus exercises the authorization given by the General Meeting of Shareholders of BASF SE of 12 May 2017 to acquire shares of the company under article 71 para. 1 no. 8 of the German law on joint-stock companies (Aktiengesetz, AktG), authorizing the redemption of a maximum of 10% of the share capital until May 11, 2022; this equates to 91.8 million shares. The share buyback will be continued under a new authorization, subject to the granting of such a new authorization to be approved by the General Meeting of Shareholders of April 29, 2022 for the acquisition and use of shares. shares of the company.

The buyout is managed by a bank appointed by BASF SE in accordance with art. 4 par. 2 lit b) of Delegated Regulation (EU) no. 2016/1052 (hereinafter “Redemption Regulations”). The bank makes its business decisions regarding the timing of share purchases independently of BASF SE. The right of BASF SE to terminate the mandate with the bank and to reassign it in accordance with the legal provisions remains unaffected. The repurchase of shares may be stopped, suspended and continued at any time, subject to compliance with legal provisions.

The buyback will be implemented on the electronic trading platform of the Frankfurt Stock Exchange (Xetra) and under the most favorable conditions and in accordance with the interests of the company as well as the authorization of the Annual General Meeting. of shareholders applicable in each Case. The purchase price per redeemed share (excluding ancillary transaction costs) may not exceed the market price of a BASF share on the trading day, as determined during the opening auction in Xetra trading (or a comparable successor system) by more than 10% nor fall below this market price by more than 10%.

The bank is required to comply with the applicable regulatory provisions, in particular the trading conditions of art. 3 of the Repurchase Regulations, so that the repurchase of shares is covered by the safe harbor regulations for share repurchases, and with all the applicable provisions. The buyback regulations require, among other things, that shares cannot be purchased at a price greater than the higher of the price of the last independent trade and the highest current independent bid on the trading platform. negotiation on which the purchase is made, the higher of the two values ​​being relevant. In addition, in accordance with the Buyback Regulations, no more than 25 percent of the average daily volume of shares traded on the exchange where the purchase is made may be acquired. Average share trading volume is based on the average daily volume traded in the 20 trading days preceding the specific date of purchase.

Transactions will be announced in accordance with the requirements of Art. 2 par. 3 of the Redemption Regulations no later than the seventh trading day following their execution. In addition, BASF SE will publish transactions on its website at and ensure that the information is publicly available for a period of at least five years from the date of disclosure. public.

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


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