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Share Buyback

Covestro AG requires authorization from the Annual General Meeting before acquiring own shares, unless expressly permitted by law. The current authorization was granted to the company by the Annual General Meeting in April 2019.

Since then, the Board of Management has been authorized to acquire own shares, in compliance with the applicable legal provisions, representing a total of up to 10% of the company's existing capital stock until April 11, 2024.

Previously, the authorization to purchase own shares granted on September 1, 2015 had been largely exhausted by a share buyback program announced by Covestro in the fall of 2017. The program comprised the repurchase of own shares between November 2017 and December 2018. In three tranches, shares totaling more than 9.8% of the capital stock, or just under €1.5 billion, were acquired.

Covestro publishes the transactions conducted for this purpose:

3rd Tranche (August 2018 - December 2018)
Announcement
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2nd Tranche (May 2018 - July 2018)
Announcement
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1st Tranche (November 2017 - February 2018)
Announcement
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