Share Buyback Program
In light of the positive business development and the gains on divestitures in the course of 2021, the Board of Executive Directors of BASF SE resolved on a share buyback program on January 4, 2022. The program amounts to up to €3 billion, started on January 11, 2022, and shall be concluded by December 31, 2023, at the latest, subject to a renewed authorization to repurchase own shares by the Annual Shareholders’ Meeting of BASF SE on April 29, 2022. BASF SE will cancel all repurchased shares and reduce the share capital accordingly.
The share buyback program is based on the authorization by the Annual Shareholders’ Meeting of BASF SE on May 12, 2017 authorizing the Board of Executive Directors to purchase up to 10% of the issued shares at the time of the resolution until May 11, 2022. BASF plans to propose to the 2022 Annual Shareholders’ Meeting a renewed authorization to buy back own shares.
In addition to its progressive dividend policy, share buybacks are another tool that BASF uses to create value for its shareholders.