The Annual Stockholders’ meeting that was scheduled for the 13th of May’20 in LANXESS arena, Cologne has been postponed by the Board of LANXESS AG, due to the rapid spread of COVID-19 in Germany.
The primary deliberation towards this decision was the protection of the employees, stockholders and the service provider’s health. LANXESS wishes to help contain the spread of the virus by postponing the event. As the Annual Stockholder’s meeting will not be held on the original date, the resolution would be taken according to the 2019 balance sheet profit. Delaying the payment of the dividend among other things. The new date for Annual Stockholder’s meeting 2020 will be announced by LANXESS in due time.
LANXESS one of the leading chemicals company has a sales of EUR 6.8 billion in 2019. Its core business is the development, manufacturing and marketing of the chemical intermediates especially chemical and plastic.