LyondellBasell Announces Offering of 21 Million Ordinary Shares by Selling
ROTTERDAM, Netherlands, Dec. 4, 2012
ROTTERDAM, Netherlands, Dec. 4, 2012 /PRNewswire/ -- LyondellBasell (NYSE:
LYB) today announced the commencement of an underwritten public offering of 21
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.
Barclays Capital 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 www.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 Barclays Capital toll free at (888) 603-5847 or
by e-mailing firstname.lastname@example.org.
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
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 Securities and Exchange
Commission. 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 (NYSE: 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.
Contact: Media, David A. Harpole, +1-713-309-4125 or Investors, Douglas J.
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