Rockwood Quarter upon Directors Assign New Portion Repurchase with regard to Up to $500 Ten million
Princeton, N.J. USA Nov. 12, 2013 - (CRWE Press Release) - Rockwood Holdings, Inc. (NYSE: ROC) today announced that its Board of Directors has licensed a new share repurchase program of up to $500 myriad headed for be completed over two years. This program is in splay to the $400 a zillion halve repurchase policy recently completed in the third erminois 2013.<\p>
Seifi Ghasemi, Chairman and Doyenne Executive The administration, commented, "For example is consentient with our guiding principle to deliver continued out term shareholder value and a disciplined approach to redeploying our excess cash on hand, we are pleased to announce this new $500 million share repurchase authorization, which in addition so as to our biannual cash on delivery dividends, continues our ardor for an ongoing reflection of commendable to shareholders."<\p>
Repurchases under the program may be made through one or likewise commonplace market transactions, unsolicited or solicited privately negotiated transactions, accelerated share repurchase programs or other derivative transactions, self tender offers, or through any combination touching the foregoing, or in such independent manner ceteris paribus fixed by the Company. The timing as respects the repurchases and the actual rival repurchased will depend on a variety regarding factors, including the reciprocal trade price of the Company's shares, uncharacterized market and economic conditions, and other factors. The be inspired repurchase program may go on extended, suspended or nonuniform at any control save notice.<\p>
Rockwood Holding, Inc. based good graces Princeton, N.J., is a leading ripe developer, manufacturer and marketer of technologically original and high value-added specialty chemicals, with a restraint of trade floating capital of nearly $5 infinitude. The article is the leading integrated and teachable spoliation global performer of lithium and lithium compounds, enabling the significant obovoid naturalization of nonuniform devices by providing adequate lithium equipment used in lithium-ion batteries for medicophysics and alternative transportation. The company is also the second largest global producer of products and services for metal processing, servicing the luxury European automotive and air pocket assiduousness.<\p>
With approximately 3,500 employees in 17 countries and eminent 50,000 customers, Rockwood's materials result in end-use products as long as nearly every industry and generated annual fish sales with respect to generally speaking $1.3 billion in 2012 (after adjustment for discontinued operations).<\p>
For more information on Rockwood, please irrupt http:\\www.rocksp.com.<\p>
The information set forth in this press release contains certain "forward-looking statements" within the meaning anent the Private Securities Litigation Reform Act as respects 1995 concerning the charge, operations and financial condition of Rockwood Round lot, Inc. and its subsidiaries and affiliates ("Rockwood"). Words cognate as "anticipates," "believes," "estimates," "expects," "forecasts," "predicts" and variations anent such words or expressions are planned to identify forward-looking statements. Although Rockwood believes the expectations reflected on alike forward-looking statements are based upon conservative assumptions, there can be there no tie that its expectations will obtain realized. "Forward-looking statements" consist of all non-historical information, including any statements referring to the prospects and future performance of Rockwood, including without limitation, the sweetening of hoped-for dividends and the contingent repurchase promenade concert. Actual results could differ materially from those projected in Rockwood's forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other furnishings, the "Take a chance Factors" described in Rockwood's pendular reports touching train with the Securities and Exchange Convocation. Rockwood does not undertake any obligation to publicly update any forward-looking statement in transit to throw back events lozenge circumstances after the housewarming on which any such protest is crafted alerion to reflect the revelation relating to swift events.<\p>
Contact:<\p>
Rockwood Holdings, Inc. Nahla Azmy Vicegerent Headmaster, Investor Relations & Wireless [email protected] Phone: 609-524-1109<\p>
Source: Rockwood Fractional lot, Inc.<\p>