LyondellBasell Announces Offering of Ordinary Shares by Selling Shareholders

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Sep 04, 2012, 07:01 ET

ROTTERDAM, Netherlands, Sept. 4, 2012 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced that, in conjunction with the Aug. 29 announcement by Standard & Poor's that it will include the Company in the S&P 500, certain affiliates of Apollo Management Holdings L.P. and certain affiliates of Access Industries, Inc. intend to offer for sale, subject to favorable market conditions and other factors, including stock price volatility, 17.5 million shares of the Company's ordinary shares (and expect to grant the underwriters a 30-day option to purchase up to an additional 2.625 million ordinary shares) to satisfy a portion of the index-based demand for the Company's ordinary shares as a result of the inclusion.

Standard & Poor's will add LyondellBasell's ordinary shares to the S&P 500 index after the close of trading Sept. 4, 2012.

An automatic shelf registration statement relating to the Company's ordinary shares was previously filed with the Securities and Exchange Commission and became effective upon filing. 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 related prospectus.

Goldman, Sachs & Co., Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are acting as joint book-runners for the offering. A copy of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained from http://www.sec.gov/ or from Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attention: Prospectus Department, by calling (866) 471-2526, or by e-mailing [email protected]; Deutsche Bank Securities Inc., Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling (800) 503-4611, or by e-mailing [email protected]; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014, or by e-mailing [email protected].

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.

Media Contact: David A. Harpole +1 713-309-4125
Investor Contact: Douglas J. Pike +1 713-309-7141

SOURCE LyondellBasell Industries