All Stories
Follow
Subscribe to Klöckner & Co SE

Klöckner & Co SE

Klöckner & Co - Admission to the MDAX index of the Deutsche Börse

Duisburg (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
Duisburg, January 25, 2007 - The
international distribution company Klöckner & Co, which has been
included in the SDAX index since September 18, 2006, will be admitted
to the MDAX index of the Deutsche Börse (German Stock Exchange) in
Frankfurt am Main outside of the regular testing schedule on January
29, 2007.
Dr. Thomas Ludwig, Chairman of the Board of Management of Klöckner &
Co AG, welcomed the decision. "The admission of the Klöckner & Co
share to the MDAX index confirms the extremely positive performance
of our company in recent months. We are pleased that the good
performance of our share has been confirmed by its admission to the
index, making the share even more attractive as a result. The
admission to the MDAX was undoubtedly accelerated by the increase in
the freefloat of the Klöckner & Co share to 84.5 per cent."
The freefloat of the Klöckner & Co share increased from some 55 per
cent to 84.5 per cent on January 24, 2007, following the release of
some 29.7 per cent of the holdings of principal shareholder Lindsay
Goldberg & Bessemer (LGB) onto the free market. LGB now holds around
15.5 per cent of the company’s share capital.
Since Klöckner & Co AG launched its IPO on June 28, 2006, the share
price (issue price EUR 16.00) has more than doubled. On January 24,
2007, the share price closed at EUR 34.12 (Xetra) at the end of the
day’s trading. In 2006 the company reported sales of some EUR 5.5
billion.
About Klöckner & Co:
Klöckner & Co is the largest producer-independent steel and metal
distributor in the European and North American markets combined. The
core business of the Klöckner & Co-Group is the storage and
distribution of steel and non-ferrous metals. About 200,000 active
customers are supplied through approximately 240 distribution
locations in 14 countries in Europe and North America. Klöckner & Co
was founded more than100 years ago by Peter Klöckner. During the
financial year 2005, the company achieved sales of approximately EUR5
billion with around 10,000 employees. The shares of Klöckner & Co
Aktiengesellschaft are admitted to trading on the official market
segment (Amtlicher Markt) of the Frankfurt Stock Exchange
(Frankfurter Wertpapierbörse) with simultaneous admission to the
sub-segment (Prime Standard) to the official market with further
post-admission obligations. ISIN: DE000KC01000; WKN: KC0100; Common
Code: 025808576.
Contacts:
Peter Ringsleben, Claudia Uhlendorf - Corporate Communications
Klöckner & Co AG
Am Silberpalais 1
D - 47057 Duisburg
Peter Ringsleben
Phone: +49 203 307 2800
Fax: +49 203 307 5060
e-mail:  peter.ringsleben@kloeckner.de
Claudia Uhlendorf
Phone: +49 203 307 2289
Fax: +49 203 307 5103
e-mail:  claudia.uhlendorf@kloeckner.de
end of announcement                               euro adhoc 25.01.2007 13:05:37

Further inquiry note:

Claudia Uhlendorf
Public Relations
Telefon: +49(0)203-307-2289
E-Mail: claudia.uhlendorf@kloeckner.de

Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share, SDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade

Original content of: Klöckner & Co SE, transmitted by news aktuell

More stories: Klöckner & Co SE
More stories: Klöckner & Co SE
  • 22.01.2007 – 07:28

    Klöckner & Co confirms positive forecast for 2006

    ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. Duisburg (euro adhoc) - Duisburg, January 22, 2007 - According to provisional figures for the financial year 2006, the sales of the Klöckner & Co-Group are slightly higher than forecast, at some EUR 5.5 billion, with an EBITDA of some EUR 395 million. Moreover, the net cash indebtedness of about EUR 375 ...

  • 28.11.2006 – 08:14

    Klöckner & Co - strong performance continues

    • Appreciable rise in earnings again in Q3 2006 • Favorable price trend • Debt further reduced • Expansion strategy sustained as planned • Confirmation of positive outlook for full year ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. Duisburg (euro adhoc) - Duisburg, November 28, 2006 - In Q3 2006 the multi-metal distribution company, Klöckner & ...

  • 24.10.2006 – 14:10

    Klöckner & Co's free float now about 55 per cent

    ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. Duisburg, October 24, 2006 - The free float of the international distribution company Klöckner & Co AG has increased from 35 per cent to a new level of around 55 per cent. The private equity investor Lindsay Goldberg & Bessemer (LGB), until now the majority shareholder in Klöckner & Co, today announced the ...