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EXHIBIT 99.1
CELANESE STOCK PURCHASE PLAN FOR HOURLY EMPLOYEES OF CELANESE ACETATE LLC
The Board of Management of Celanese AG has approved a share plan for all hourly
employees of Celanese Acetate LLC. The Celanese Stock Purchase Plan (SPP)
supports a stock purchase by such employees with a grant by the company. Through
buying shares, such employees become shareholders and owners of the company.
This links the mutual interest of such employees and stockholders to the goals
and success of the company.
ELIGIBILITY FOR THE SPP
All active hourly employees of Celanese Acetate LLC as of March 23, 2001 are
eligible for the SPP.
Participation in the SPP is voluntary.
REQUIRED INVESTMENT/REIMBURSEMENT
The Plan begins on January 22, 2001. Every eligible employee who purchases
shares in the amount of $100, $500, $1,000 or $2,000 (or the dollar amount of
full shares closest to these amounts without going over) will get a partial
reimbursement based on 35% of the invested amount from the company.
For Example:
- An investment of $100 will be reimbursed with a payment of $35.
- An investment of $500 will be reimbursed with a payment of $175.
- An investment of $1,000 will be reimbursed with a payment of $350.
- An investment of $2,000 will be reimbursed with a payment of $700.
While you can invest higher amounts, these will not count for purposes of the
SPP.
Your Human Resources Department will explain further on how this reimbursement
will be made.
HOW TO PURCHASE SHARES
The Celanese AG (CAG) shares can be purchased during the period beginning
January 22, 2001 and ending March 23, 2001. You may purchase your shares through
a stockbroker of your choice.
In an effort to assist employees in making the investment in Celanese stock, we
have arranged to have a broker from Morgan Stanley Dean Witter available at Rock
Hill, SC and Narrows, VA sites to accept transactions from employees.
In addition, the company will pay the transaction fee charged by the broker for
employees making the investment.
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PURCHASING SHARES THROUGH AN OPTION OF PAYROLL DEDUCTION
An option that will be available for the employee is for the company to advance
the money needed to purchase the stock and then recover the advance through
payroll deduction over a 30-week period. Of course, if an employee does not wish
to exercise this option, the employee may purchase their shares outright.
Your Human Resources Department will explain further information on how this
payroll deduction will be made.
INFORMATION ABOUT THE REIMBURSEMENT
A reimbursement will be paid to every employee who is eligible to participate in
the Plan and who furnishes proof to their local Human Resources Department that
they have made the required investment. Proof must be submitted by completing
the attached participation form and sending it to your HR Department no later
than April 2, 2001. You must include a statement (receipt) that clearly
indicates the date and the amount of purchase.
Taxes and other required deductions will be withheld from the reimbursement.
ADDITIONAL REQUIREMENTS
The shares purchased for the SPP must be held at least until March 23, 2002 (the
"holding period"). The employee may be required to furnish proof of continued
ownership whenever requested. If this requirement is not met, the company has
the right to reclaim the reimbursement payment.
THE SCHEDULE
Here are all the dates at a glance:
January 22, 2001 - Start of the SPP
Employees purchase Celanese AG shares
March 23, 2001 - Deadline for participation
April/May 2001 - Payment of reimbursement
March 23, 2002 - Last day of holding period
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ADVANTAGES OF THE SPP
You have an opportunity to participate in a value enhancement of the Celanese AG
shares. Also, if you buy Celanese AG shares in an amount equal to the required
investment, you will receive a company payment of 35% of your investment.
If you choose to sell your shares after the expiration of the holding period,
you could realize a profit if the share price exceeds the initial share price.
In addition, this plan allows you to become a shareholder of the company.
MORE INFORMATION
If you have any questions, please contact your HR Department.
Attachment: Form: Declaration to Participate
THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES THAT HAVE
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.
THE PROSPECTUS IS APPLICABLE TO THE PURCHASE OF CELANESE AG ORDINARY SHARES BY
THE HOURLY EMPLOYEES OF CELANESE ACETATE LLC PURSUANT TO THE CELANESE STOCK
PURCHASE PLAN FOR HOURLY EMPLOYEES OF CELANESE ACETATE LLC. A TOTAL OF 50,000
ORDINARY SHARES OF CELANESE AG HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THE SECURITIES OR DETERMINED IF THE
PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
JANUARY 19, 2001
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CELANESE STOCK PURCHASE PLAN 2000 FOR HOURLY EMPLOYEES OF
CELANESE ACETATE LLC
DECLARATION TO PARTICIPATE
RETURN THIS FORM TO YOUR LOCAL HR DEPARTMENT
Last name, first name:__________________________________________________________
Company: _______________________________________________________________________
Social security number: ________________________________________________________
Declaration to participate:
I hereby declare my participation in the Celanese Stock Purchase Plan. I have
chosen the following investment alternative:
/ / $100 or the dollar amount closest to this based on whole shares
/ / $500 or the dollar amount closest to this based on whole shares
/ / $1,000 or the dollar amount closest to this based on whole shares
/ / $2,000 or the dollar amount closest to this based on whole shares
I will forward a receipt for the stock purchase before April 2, 2001. I will
receive the company reimbursement less appropriate taxes and other deductions.
I hereby declare that I will retain the Celanese AG shares I acquired until the
expiration of the agreed holding period on March 23, 2002. I will provide
confirmation of this continued stock ownership whenever it is requested. I am
aware that the company may reclaim the grant in the event I do not observe the
holding period.
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Attach proof here
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Date, signature
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FINAL DATE FOR ACCEPTANCE: APRIL 2, 2001
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[CELANESE ACETATE LOGO]
CELANESE STOCK PURCHASE PLAN
FOR
HOURLY EMPLOYEES OF CELANESE ACETATE LLC
THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES THAT HAVE
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.
THE PROSPECTUS IS APPLICABLE TO THE PURCHASE OF CELANESE AG ORDINARY SHARES BY
THE HOURLY EMPLOYEES OF CELANESE ACETATE LLC PURSUANT TO THE CELANESE STOCK
PURCHASE PLAN FOR HOURLY EMPLOYEES OF CELANESE ACETATE LLC. A TOTAL OF 50,000
ORDINARY SHARES OF CELANESE AG HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THE SECURITIES OR DETERMINED IF THE
PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
JANUARY 19, 2001
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[CELANESE ACETATE LOGO]
MAKING THE REQUIRED INVESTMENT
- THE EMPLOYEE SHARE PLAN BEGINS ON JAN. 22, 2001.
- YOU MUST PURCHASE SHARES IN THE AMOUNT OF $100, $500, $1,000, $2,000 OR
THE CLOSEST DOLLAR AMOUNT TO THESE AMOUNTS WITHOUT GOING OVER TO BE
ELIGIBLE FOR THE COMPANY REIMBURSEMENT.
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MAKING THE REQUIRED INVESTMENT
Example I: Employee selects to make a $100 purchase of shares and the stock
price at transaction is $19 a share
Shares are only purchased in full shares, not fractions.
$100 would buy 5.26 shares ($100 divided by $19 = 5.26 shares)
5.26 shares would be 5 full shares of stock
BASED ON THE PLAN, EMPLOYEE WOULD NEED TO INVEST $95
(5 SHARES X $19 = $95)
EMPLOYEE WOULD THEN RECEIVE 5 SHARES OF CELANESE STOCK
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[CELANESE ACETATE LOGO]
MAKING THE REQUIRED INVESTMENT
Example II: Employee selects to make a $100 purchase of shares and the stock
price at transaction is $15 a share
Shares are only purchased in full shares, not fractions.
$100 would buy 6.66 shares ($100 divided by $15 = 6.66 shares)
6.66 shares would be 6 full shares of stock
BASED ON THE PLAN, EMPLOYEE WOULD NEED TO INVEST $90
(6 SHARES X $15 = $90)
EMPLOYEE WOULD THEN RECEIVE 6 SHARES OF CELANESE STOCK
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[CELANESE ACETATE LOGO]
MAKING THE REQUIRED INVESTMENT
Example II: Employee selects to make a $2000 purchase of shares and the stock
price at transaction is $18 a share
Shares are only purchased in full shares, not fractions.
$2000 would buy 111.11 shares ($2000 divided by $18 = 111.11 shares)
111.11 shares would be 111 full shares of stock
BASED ON THE PLAN, EMPLOYEE WOULD NEED TO INVEST $1998
(111 SHARES X $18 = $1998)
EMPLOYEE WOULD THEN RECEIVE 111 SHARES OF CELANESE STOCK
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[CELANESE ACETATE LOGO]
REIMBURSEMENTS
- EMPLOYEES WHO ARE ELIGIBLE TO PARTICIPATE AND WHO FURNISHES PROOF TO THEIR
LOCAL HUMAN RESOURCES DEPARTMENT BY APRIL 2, 2001 THAT THEY HAVE MADE THE
INVESTMENT WILL RECEIVE A REIMBURSEMENT.
- PROOF IS A STATEMENT (RECEIPT) THAT SHOWS THE DATE AND AMOUNT OF YOUR
PURCHASE. THE BROKER THAT MAKES THE PURCHASE SHOULD PROVIDE THIS STATEMENT TO
YOU.
- EMPLOYEES MAKING A PURCHASE UNDER THESE GUIDELINES WILL RECEIVE A
REIMBURSEMENT FROM THE COMPANY IN THE AMOUNT OF 35% OF THE INVESTMENT MINUS
TAXES.
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REIMBURSEMENTS
- REIMBURSEMENTS WILL BE MADE TO QUALIFYING EMPLOYEES DURING APRIL/MAY 2001.
- REIMBURSEMENT WILL BE IN THE FORM OF A CHECK SENT TO EMPLOYEES.
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[CELANESE ACETATE LOGO]
REIMBURSEMENT
Example I: $100 investment at $19 a share
$100 would buy 5.26 shares ($100 divided by $19 = 5.26 shares)
You would be required to purchase 5 full shares of stock
Based on the plan, you would need to invest $95
(5 shares x $19 = $95)
REIMBURSEMENT WOULD BE $33.25 MINUS APPLICABLE TAXES
(35% OF $95 = $33.25)
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[CELANESE ACETATE LOGO]
REIMBURSEMENT
Example II: $100 investment at $15 a share
$100 would buy 6.66 shares ($100 divided by $15 = 6.66 shares)
You would be required to purchase 6 full shares of stock
Based on the plan, you would need to invest $90
(6 shares x $15 = $90)
REIMBURSEMENT WOULD BE $31.50 MINUS APPLICABLE TAXES
(35% OF $90 = $31.50)
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[CELANESE ACETATE LOGO]
REIMBURSEMENT
Example III: $2000 investment at $18 a share
$2000 would buy 111.11 shares ($2000 divided by $18 = 111.11 shares)
You would be required to purchase 111 full shares of stock
Based on the plan, you would need to invest $1998
(111 shares x $18 = $1998)
REIMBURSEMENT WOULD BE $699.30 MINUS APPLICABLE TAXES
(35% OF $1998 = $699.30)
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[CELANESE ACETATE LOGO]
PAYROLL DEDUCTION OPTION
- THE COMPANY WILL ADVANCE THE MONEY NEEDED TO PURCHASE STOCK AND RECOVER THIS
AMOUNT THROUGH PAYROLL DEDUCTION OVER 30 WEEKS.
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[CELANESE ACETATE LOGO]
PAYROLL DEDUCTION OPTION
Example I: $100 investment at $19 a share
$100 would buy 5.26 shares ($100 divided by $19 = 5.26 shares)
You would be required to purchase 5 full shares of stock
Based on the plan, you would need to invest $95 (5 shares x $19 = $95)
$95 ADVANCE PAID BACK OVER 30 PAY PERIODS WOULD EQUAL $3.17* PER WEEK.
29 WEEKS AT $3.17 = $91.93
1 WEEK AT $3.07 = 3.07
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$95.00
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[CELANESE ACETATE LOGO]
PAYROLL DEDUCTION OPTION
Example II: $100 investment at $15 a share
$100 would buy 6.66 shares ($100 divided by $15 = 6.66 shares)
You would be required to purchase 6 full shares of stock
Based on the plan, you would need to invest $90 (6 shares x $15 = $90)
$90 ADVANCE PAID BACK OVER 30 PAY PERIODS WOULD EQUAL $3.00* PER WEEK.
30 WEEKS AT $3.00 = $90.00
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[CELANESE ACETATE LOGO]
PAYROLL DEDUCTION OPTION
Example II: $2000 investment at $18 a share
$2000 would buy 111.11 shares ($2000 divided by $18 = 111.11 shares)
You would be required to purchase 111 full shares of stock
Based on the plan, you would need to invest $1998
(111 shares x $18 = $1998)
$1998 ADVANCE PAID BACK OVER 30 PAY PERIODS WOULD EQUAL
$66.60* PER WEEK.
30 WEEKS AT $66.60 = $1998
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[CELANESE ACETATE LOGO]
ADVANTAGES OF PARTICIPATING IN
THE SPP
- YOU CAN BE A SHAREHOLDER OF THE COMPANY
- IF YOU CHOOSE TO SELL YOUR SHARES AFTER THE EXPIRATION OF THE HOLDING PERIOD,
YOU COULD REALIZE A PROFIT IF THE SHARE EXCEEDS THE INITIAL SHARE PRICE (*THERE
COULD BE A DEPRECIATION OF VALUE IF THE STOCK PRICE DECLINES).
- YOU HAVE AN OPPORTUNITY TO PARTICIPATE IN A VALUE ENHANCEMENT OF CELANESE AG
SHARES.
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[CELANESE ACETATE LOGO]
ADVANTAGES OF PARTICIPATING IN
THE SPP
- EXAMPLE OF VALUE ENHANCEMENT OF STOCK PURCHASE UNDER THE PLAN
Example I: $100 investment at $19 a share
$100 would buy 5.26 shares ($100 divided by $19 = 5.26 shares)
You would be required to purchase 5 full shares of stock
Based on the plan, you would need to invest $95
(5 shares x $19 = $95)
Reimbursement would be $33.25 minus applicable taxes
(35% of $95 = $33.25)
YOU WOULD RECEIVE 5 SHARES OF STOCK FOR $61.75*
($95-33.25=$61.75*)
*MINUS APPLICABLE TAXES ON THE REIMBURSEMENT
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[CELANESE ACETATE LOGO]
ADVANTAGES OF PARTICIPATING IN
THE SPP
- Example of value enhancement of stock purchase under the plan
Example II : $100 investment at $15 a share
$100 would buy 6.66 shares ($100 divided by $15 = 6.66 shares)
You would be required to purchase 6 full shares of stock
Based on the plan, you would need to invest $90
(6 shares x $15 = $90)
Reimbursement would be $31.50 minus applicable taxes
(35% of $90= $31.50)
YOU WOULD RECEIVE 6 SHARES OF STOCK FOR $58.50*
($90-31.50=$58.50*)
*MINUS APPLICABLE TAXES ON THE REIMBURSEMENT
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[CELANESE ACETATE LOGO]
ADVANTAGES OF PARTICIPATING IN
THE SPP
- Example of value enhancement of stock purchase under the plan
Example III : $2000 investment at $18 a share
$2000 would buy 111.11 shares ($2000 divided by $18 = 111.11 shares)
You would be required to purchase 111 full shares of stock
Based on the plan, you would need to invest $1998
(111 shares x $18 = $1998)
Reimbursement would be $699.30 minus applicable taxes
(35% of $1998 = $699.30)
YOU WOULD RECEIVE 111 SHARES OF STOCK FOR $1298.70*
($2000-699.30=$1298.70*)
*MINUS APPLICABLE TAXES ON THE REIMBURSEMENT
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[CELANESE ACETATE LOGO]
MORGAN STANLEY DEAN WITTER
BROKER AVAILABLE ON SITE
- THE BROKER WILL BE AVAILABLE ON SITE FOR EACH SHIFT (DATES AND TIMES TO BE
DETERMINED)
- THE BROKER CANNOT PROVIDE ADVISE AND COUNSEL. THEY WILL ONLY BE ON SITE TO
ACCEPT ORDERS TO PURCHASE STOCK.
- YOU WILL BE REQUIRED TO SIGN A PAYROLL DEDUCTION AUTHORIZATION FOR THE COMPANY
TO DEDUCT THE INVESTMENT AMOUNT OVER A 30-WEEK PERIOD.
- THE BROKER WILL PURCHASE STOCK ON THE SAME DAY FOR ALL EMPLOYEES CHOOSING TO
INVEST.
- THE BROKER WILL PURCHASE THE STOCK IN EACH INDIVIDUAL NAME.
- THE EMPLOYEE WILL RECEIVE A CERTIFICATE OF STOCK AS SOON AS IT BECOMES
AVAILABLE.
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[CELANESE ACETATE LOGO]
DOCUMENTS INCORPORATED
BY REFERENCE
THE DOCUMENTS INCORPORATED BY REFERENCE IN CELANESE AG'S REGISTRATION STATEMENT
ON FORM S-8 REGISTERING CELANESE AG ORDINARY SHARES OFFERED UNDER THE PLAN
(WHICH ARE INCORPORATED HEREIN BY REFERENCE), AND ANY DOCUMENTS REQUIRED TO BE
DELIVERED PURSUANT TO RULE 428(b) UNDER THE SECURITIES ACT OF 1933 (WHICH
INCLUDES FUTURE REPORTS THAT CELANESE WILL BE FILING AS A PUBLIC COMPANY WITH
THE SECURITIES AND EXCHANGE COMMISSION, THE DESCRIPTION OF THE CELANESE ORDINARY
SHARES CONTAINED IN A REGISTRATION STATEMENT FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION ON OCTOBER 21, 1999 AND ANY REPORT OR ANY PORTION THEREOF,
SUBSEQUENTLY FURNISHED TO THE SECURITIES AND EXCHANGE COMMISSION WHICH IS STATED
IN SUCH REPORT TO BE INCORPORATED BY REFERENCE INTO THE FORM S-8 COVERING THE
PLAN), ARE AVAILABLE FROM CELANESE AG, WITHOUT CHARGE, UPON WRITTEN OR ORAL
REQUEST ADDRESSED TO THE CORPORATE SECRETARY OF CELANESE AG, CELANESE AG, 61476
KRONBERG/TAUNUS, GERMANY, TELEPHONE 011-49-69-305-5070.
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[CELANESE ACETATE LOGO]
AVAILABLE INFORMATION
AS A RESULT OF REGISTERING ITS SHARES, CELANESE AG BECAME SUBJECT TO THE
INFORMATIONAL REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, AND FILES
REPORTS AND OTHER INFORMATION WITH THE SECURITIES AND EXCHANGE COMMISSION. YOU
MAY EXAMINE THE REPORTS AND OTHER INFORMATION FILED BY CELANESE AG, WITHOUT
CHARGE, AT THE PUBLIC REFERENCE FACILITIES MAINTAINED BY THE SECURITIES AND
EXCHANGE COMMISSION AT ROOM 1024, 450 FIFTH STREET, N.W., WASHINGTON, D.C.
20549, AND AT THE SECURITIES AND EXCHANGE COMMISSION'S REGIONAL OFFICES LOCATED
AT SUITE 1400, CITICORP CENTER, 500 WEST MADISON STREET, CHICAGO, ILLINOIS,
60661-2551 AND ROOM 1300, SEVEN WORLD TRADE CENTER. THE COMMISSION ALSO
MAINTAINS A WEBSITE (http://www.sec.gov) THAT CONTAINS SUCH REPORTS AND OTHER
INFORMATION REGARDING REGISTRANTS, SUCH AS CELANESE, THAT FILE ELECTRONICALLY
WITH THE SECURITIES AND EXCHANGE COMMISSION.
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