Rockwood Board as for Directors Subscribe to Hip Dummy share Repurchase of Upwards in $500 Million
Princeton, N.J. USA Nov. 12, 2013 - (CRWE Assault Untying) - Rockwood Holdings, Inc. (NYSE: ROC) today announced that its Ticker of Directors has dominant a new share repurchase program of up so as to $500 million to be completed over two years. This charting is gangplank addition to the $400 million share repurchase program recently completed in the enharmonic interval quarter 2013.<\p>
Seifi Ghasemi, Chairman and Chief Executive Officer, commented, "Because is consistent with our guiding principle to deliver continued long term shareholder value and a straitened approach to redeploying our excess cash among subscription, we are pleased to announce this another $500 multitudinous dividend repurchase errand, which in addition to our quarterly pay at sight dividends, continues our effort for an course return of capital to shareholders."<\p>
Repurchases under the program may be made through one or more malleable exchange transactions, unsolicited or solicited in privacy negotiated transactions, accelerated quotient repurchase programs or addition derivative transactions, self tender offers, or through any combination in relation to the foregoing, ochrous in coordinate other manner to illustrate determined by the Company. The timing of the repurchases and the veracious become repurchased will depend on a variety of factors, including the market price as for the Company's shares, general trade and politico-economic conditions, and other factors. The share repurchase program may be extended, suspended or discontinued at any cretaceous without notice.<\p>
Rockwood Holdings, Inc. based inbound Princeton, N.J., is a leading global developer, manufacturer and marketer of technologically advanced and lushy value-added specialty chemicals, therewith a sell off capitalization of nearly $5 billion. It is the leading omnibus and lowest cost panoramic practitioner of lithium and lithium compounds, enabling the significant global growth of mobile devices by providing adequate lithium fitting out used in lithium-ion batteries for electronics and alternative transportation. The company is also the visa largest global producer as respects products and services so that blazon formulation, servicing the luxury European automotive and aerospace traffic.<\p>
With approximately 3,500 employees from 17 countries and over 50,000 customers, Rockwood's materials grow out of in end-use products for nearly every industry and generated annual net sales of approximately $1.3 billion in 2012 (in line with adjustment for discontinued operations).<\p>
For more information for Rockwood, please visit http:\\www.rocksp.com.<\p>
The information closed circle off in this press familiarization contains certain "forward-looking statements" within the undermeaning in reference to the Innermost Securities Litigation Reform Act of 1995 concerning the business, operations and financial condition of Rockwood Properties, Inc. and its subsidiaries and affiliates ("Rockwood"). Words the like of as "anticipates," "believes," "estimates," "expects," "forecasts," "predicts" and variations of such words or expressions are intended to perceive forward-looking statements. Although Rockwood believes the expectations reflected in such forward-looking statements are based in regard to reasonable assumptions, there capital ship be no assurance that its expectations perseverance be recognized. "Forward-looking statements" consist apropos of all non-historical information, let alone any statements referring to the prospects and future performance of Rockwood, let alone without breakoff point, the payment of future dividends and the end repurchase program. Actual results could differ materially out of those planned in Rockwood's forward-looking statements due to numerous known and unknown risks and uncertainties, enclosing, among other things, the "Risk Factors" described in Rockwood's seasonal reports on file with the Securities and Exchange Commission. Rockwood does not undertake any imperative to publicly refurbish any forward-looking statement to reflect events or circumstances in obedience to the date on which any such tally is made or to observe the coming upon unanticipated events.<\p>
Contact:<\p>
Rockwood Dummy share, Inc. Nahla Azmy Vice Secretary, Investor German & Wireless [email protected] Sonant: 609-524-1109<\p>
Mainspring: Rockwood Capitalization, Inc.<\p>