LyondellBasell Industries N.V.
LyondellBasell Approves Share Repurchase Program
Summary
At its Annual Meeting on May 24, 2024, LyondellBasell Industries N.V. shareholders approved a new share repurchase program authorizing the Company to repurchase up to 10% of its issued share capital, or 34,042,250 shares, until November 24, 2025. The repurchases may be executed through open market or privately negotiated transactions, subject to market conditions and other corporate considerations. Additionally, shareholders approved the election of 12 director nominees, the discharge of directors from liability, the adoption of the Company's Dutch statutory annual accounts, the appointment of PricewaterhouseCoopers as the auditor, the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm, an advisory resolution approving the compensation of the Company's Named Executive Officers, and the authorization of the Board to repurchase up to 10% of the Company's issued share capital.
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About LyondellBasell Industries N.V.
LyondellBasell Industries N.V. operates as a multinational chemical company, actively engaged in the production and sale of chemicals and polymers. Serving as one of the world's largest plastics, chemicals, and refining companies, its primary function is to produce materials that find applications across a wide range of markets, including packaging, electronics, automotive, and construction. The company specializes in the manufacture of olefins and polyolefins, essential components for creating plastics and resins used in everyday items. Additionally, it offers fuel-related products and technologies for refining crude oil, impacting industries reliant on energy and fuel efficiency. Headquartered in Houston, Texas, and Rotterdam, Netherlands, LyondellBasell is recognized for its global footprint and extensive supply chain, underscoring its importance in the global manufacturing landscape. Through its innovative materials and sustainable solutions, the company plays a critical role in enhancing product performance and promoting environmentally-friendly alternatives in modern industrial applications.
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