LyondellBasell Announces Offering of Ordinary Shares by Selling Shareholders & 40 cent dividend, payable Sept 24th.
ROTTERDAM, Netherlands, Sept. 4, 2012 /PRNewswire via COMTEX/ -- LyondellBasell
(LYB) today announced that, in conjunction with the Aug. 29 announcement by
Standard & Poor's that it will include the Company in the S&P 500, certain
affiliates of Apollo Management Holdings L.P. and certain affiliates of Access
Industries, Inc. intend to offer for sale, subject to favorable market conditions
and other factors, including stock price volatility, 17.5 million shares of the
Company's ordinary shares (and expect to grant the underwriters a 30-day option
to purchase up to an additional 2.625 million ordinary shares) to satisfy a
portion of the index-based demand for the Company's ordinary shares as a result
of the inclusion.
Standard & Poor's will add LyondellBasell's ordinary shares to the S&P 500 index
after the close of trading Sept. 4, 2012.
An automatic shelf registration statement relating to the Company's ordinary
shares was previously filed with the Securities and Exchange Commission and
became effective upon filing. This press release shall not constitute an offer to
sell or a solicitation of an offer to buy the ordinary shares nor shall there be
any sale of these shares of ordinary shares in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction. The
offering of these shares is being made only by means of a prospectus supplement
and related prospectus.
Goldman, Sachs & Co., Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC
are acting as joint book-runners for the offering. A copy of the prospectus
supplement and accompanying base prospectus relating to the offering may be
obtained from sec.gov or from Goldman, Sachs & Co., 200 West Street,
New York, NY 10282, Attention: Prospectus Department, by calling (866) 471-2526,
or by e-mailing prospectus-ny@ny.email.gs.com; Deutsche Bank Securities Inc.,
Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling
(800) 503-4611, or by e-mailing prospectus.CPDG@db.com; or Morgan Stanley & Co.
LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York,
NY 10014, or by e-mailing prospectus@morganstanley.com.===========
LyondellBasell Declares Interim Dividend
ROTTERDAM, Netherlands, Sept. 4, 2012 /PRNewswire via COMTEX/ -- LyondellBasell
(LYB) today announced that its Management Board has declared an interim dividend
of $0.40 per share payable Sept. 24, 2012 to shareholders of record Sept. 4,
2012.
The company announced Aug. 21, 2012 that its Supervisory Board had authorized the
Management Board to declare the dividend.
LyondellBasell (LYB) is one of the world's largest plastics, chemical and
refining companies. The company manufactures products at 58 sites in 18
countries. LyondellBasell products and technologies are used to make items that
improve the quality of life for people around the world including packaging,
electronics, automotive parts, home furnishings, construction materials and
biofuels. More information about LyondellBasell can be found at
lyondellbasell.com.
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LyondellBasell Holders to Sell 17.5 Million Shares on Entry to S&P 500
Last Update: 9/4/2012 7:47:11 AM
By Tess Stynes
LyondellBasell Industries N.V. (LYB) said shareholders of Apollo Management
Holdings LP and Access Industries Inc. plan to sell 17.5 million shares amid
anticipated demand generated by the inclusion of the chemical company's shares in
the Standard & Poor's 500-stock index.
LyondellBasell won't receive any proceeds from the stock sale.
Standard & Poor's will add LyondellBasell's ordinary shares to the S&P 500 index
after the close Tuesday, replacing Sears Holdings Corp. (SHLD).
Apollo is LyondellBasell's largest shareholder with a 29.8% ownership stake, or
171.1 million shares, according to FactSet data. Meanwhile, Len Blavatnik, the
founder of Access Industries, has about a 14% stake and is the No. 2 holder.
LyondellBasell, which makes chemicals and polymers, has had generally improving
results after emerging from Chapter 11 bankruptcy in 2010. The company, like
others in the chemicals industry, has benefited from low U.S. natural-gas prices.
As of July 24, LyondellBasell had about $575 million shares outstanding.
Shares closed Friday at $48.84 and were inactive in recent premarket trading.
Markets were closed Monday for the U.S. Labor Day holiday. The stock is up 50%
this year. |
