Dürr issues bonus shares on June 22, 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.
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