Share Buyback For Employee Program
Employees of Covestro AG and participating group companies are offered a stock participation program known as "Covestment". Under the program, employees can invest a fixed amount of their compensation in Covestro shares, which are subsidized by Covestro and can be subscribed for at a discount. The Board of Management of Covestro AG decided to acquire own shares in accordance with the authorisation granted by the Annual General Meeting on September 1, 2015. The acquisition of own shares is executed via the stock exchange and will exclusively serve the stock participation program.
In 2018, 2019 and 2020, Covestro AG issued treasury shares to employees of the German Covestro companies within the framework of the "Covestment" share participation program.
Covestro publishes the transactions conducted for this purpose: