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Dürr issues bonus shares on June 22, 2018

06/18/2018

  • Dürr share becomes more liquid and appealing to investors
  • Total number of shares doubles to 69,202,080
  • Share price will be halved arithmetically on the day of allocation (June 22, 2018)

Bietigheim-Bissingen, June 18, 2018 – As announced, Dürr AG will issue bonus shares in a ratio of 1:1 on June 22, 2018. On that day, all shareholders will have the same number of shares additionally credited to the deposit accounts they hold on the evening of June 21, 2018. The allocation will be made automatically on June 22, 2018, and credited via the collective custody account. The allocation is free of charge to the shareholders, who do not need to take any action. This measure is intended to enhance the liquidity of Dürr stock and make it even more appealing to investors.

The process of issuing the bonus shares will double the total number of Dürr AG shares from 34,601,040 to 69,202,080. Accordingly, the Dürr share price will be halved arithmetically as of June 22. The participation ratio of each shareholder will remain unchanged, as will the valuation ratios of the Dürr share. The new shares are entitled to a dividend with retrospective effect as of January 1, 2018.

A prerequisite for issuing the bonus shares was the doubling of the capital stock from € 88.6 million to € 177.2 million by way of a capital increase from company funds. In the process, open reserves were converted into capital stock. The level of equity of Dürr AG, totaling € 926.8 million (March 31, 2018), remained unchanged. This measure was approved at the annual general meeting on May 9, 2018.
 

This publication has been prepared independently by Dürr AG/Dürr group (“Dürr”). It may contain statements which address such key issues as strategy, future financial results, events, competitive positions and product developments. Such forward-looking statements are subject to a number of risks, uncertainties and other factors, including, but not limited to those described in Dürr's disclosures, in particular in the chapter “Risks” in Dürr's annual report. Should one or more of these risks, uncertainties and other factors materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performances or achievements of Dürr may vary materially from those described in the relevant forward-looking statements. These statements may be identified by words such as “expect,” “want,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. Dürr neither intends, nor assumes any obligation, to update or revise its forward-looking statements regularly in light of developments which differ from those anticipated. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies.

Our financial reports, presentations, press releases and ad-hoc releases may include alternative financial metrics. These metrics are not defined in the IFRS (International Financial Reporting Standards). Dürr's net assets, financial position and results of operations should not be assessed solely on the basis of these alternative financial metrics. Under no circumstances do they replace the performance indicators presented in the consolidated financial statements and calculated in accordance with the IFRS. The calculation of alternative financial metrics may vary from company to company despite the use of the same terminology. Further information regarding the alternative financial metrics used at Dürr can be found in our financial glossary on the Dürr web page.

Dürr AG
Corporate Communications & Investor Relations
Günter Dielmann / Mathias Christen
Phone +49 7142 78-1785 / -1381
Fax +49 7142 78-1716


corpcom(at)durr.com
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