LyondellBasell Announces Offering of 25 Million Ordinary Shares by Selling
Shareholders
ROTTERDAM, Netherlands, Feb. 13, 2013 /PRNewswire via COMTEX/ -- LyondellBasell
(LYB) today announced the commencement of an underwritten public offering of 25
million ordinary shares by certain selling shareholders that are affiliates of
Apollo Management Holdings L.P.
The selling shareholders will agree to a lock-up (subject to certain exceptions)
for a period of 30 days after the date of the prospectus supplement for the
offering. LyondellBasell will not receive any proceeds from the offering. The
total number of LyondellBasell ordinary shares outstanding will not change as a
result of the offering.
Goldman Sachs & Co. is acting as the sole underwriter for the offering.
An automatic shelf registration statement relating to the Company's ordinary
shares was previously filed with the Securities and Exchange Commission (SEC) and
became effective upon filing. Before you invest, you should read the prospectus
in that registration statement and other documents the Company has filed with the
SEC for more complete information about the Company and this offering. You may
get these documents for free by visiting EDGAR on the SEC website at
sec.gov. Alternatively, the Company, the underwriter or any dealer
participating in the offering will arrange to send you the prospectus if you
request it by calling Goldman Sachs & Co. toll-free at 866-471-2526 or by
emailing prospectus-ny@ny.email.gs.com.
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 ordinary
shares is being made only by means of a prospectus supplement and related
prospectus.
Statements in this release which are not historical facts, such as those that may
be identified by the use of words such as "anticipate," "believe," "could,"
"estimate," "expect," "feel," "forecast," "intend," "may," "plan," "potential,"
"project," "should," "would," and similar expressions, are forward-looking
statements under the provisions of the Private Securities Litigation Reform Act
of 1995. By their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on circumstances that may
or may not occur in the future. These risk and uncertainties include, but are not
limited to, the consummation of the offering by the selling shareholders.
Forward-looking statements reflect management's analysis as of the date of this
press release. Important factors that could cause actual results to differ
materially from our expectations are more fully described in our other filings
with the SEC. Except as required by applicable law, we do not undertake to
publicly update or revise any of these forward-looking statements, whether as a
result of new information, future events or otherwise.
LyondellBasell (LYB) is one of the world's largest plastics, chemical and
refining companies and a member of the S&P 500 Index. LyondellBasell
Click for Detail 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. |
