Share Buyback Program

On January 4, 2022, the Board of Executive Directors of BASF SE resolved on a share buyback program. The program has a volume of up to €3 billion, started on January 11, 2022, and shall be concluded by December 31, 2023, at the latest.

As of December 31, 2022, BASF SE had acquired 24,623,765 company shares for a purchase price of €1.3 billion. This corresponded to 2.68% of outstanding shares. The repurchased shares were canceled and the share capital was reduced by the corresponding pro rata amount (€31,518,419.20).

By way of a resolution of the Annual Shareholders’ Meeting on April 29, 2022, the Board of Executive Directors is authorized to buy back company shares in an amount of up to 10% of the share capital.

In addition to dividend payments, share buybacks are another tool that BASF uses to create value for its shareholders.