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 Inc. is acting as the sole underwriter for the offering.
Separately, the selling shareholders have advised the Company that they have agreed to sell 8.5 million ordinary shares in a private transaction.
LyondellBasell is one of the world's largest plastics, chemical and refining companies and a member of the S&P 500.
LyondellBasell 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.
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