6-K UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
July 26, 2002
BASF AKTIENGESELLSCHAFT
(Exact name of Registrant as Specified in its Charter)
BASF CORPORATION
(Translation of Registrant's name into English)
Carl Bosch Strasse 38, LUDWIGSHAFEN, GERMANY 67056
(Address of Principal Executive Offices)
Indicate by check mark whether the Registrant files or will file annual
reports under cover Form 20-F or Form 40-F
Form 20-F X Form 40-F
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Indicate by check mark whether the Registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
--- ---
If "Yes" is marked, indicate below the file number assigned to the
Registrant in connection with Rule 12g3-2(b): 82- .
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Page 1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by
the undersigned, thereunto duly authorized.
BASF Aktiengesellschaft
Date: July 26, 2002 By: /s/ Kurt Leidner
------------------------------------
Name: Kurt Leidner
Title: Director Communications
Ludwigshafen site
By: /s/ Christian Schubert
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Name: Christian Schubert
Title: Director Communications
BASF Group
EXHIBIT INDEX
Exhibit 99.1 Share buy-back to be continued
July 26, 2002
P 256e
Michael Grabicki
Phone: +49 621 60-99938
Fax: +49 621 60-20129
michael.grabicki@basf-ag.de
SHARE BUY-BACK TO BE CONTINUED
BASF PLANS TO BUY BACK ITS OWN SHARES FOR E500 MILLION
As previously announced, BASF Aktiengesellschaft is continuing its share
buy-back program. According to current plans, E500 million is to be used to
repurchase shares by the end of the year. With a current share price of E36.00
per share (July 25, 2002), this corresponds to 2.4 percent of the company's
market capitalization. The company will start the share buy-back today, July 26,
2002.
The aim of the share buy-back program is to reduce the equity ratio and increase
earnings per share.
BASF Aktiengesellschaft currently has about 583 million shares outstanding.
BASF bought back shares for E1.3 billion in 2001, thus completing one of the
largest programs of its kind in Germany. In total, 30,775,000 shares, or
approximately 5 percent of share capital, were bought back at an average price
of E42.22.