euro adhoc: ElringKlinger AG
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Stock split at ElringKlinger
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Stock split
09.04.2008
Dettingen/Erms (Germany), April 09, 2008 +++ SDAX-listed automotive supplier ElringKlinger AG plans to implement a 1:3 stock split. The Management Board and Supervisory Board will be submitting their corresponding proposal to the General Meeting of Shareholders.
If the management's proposal is accepted by the General Meeting of Shareholders on May 30, 2008, each ElringKlinger shareholder will receive three new shares for every share currently held. As a result of the split, the overall number of shares will increase threefold from 19,200,000 to 57,600,000. At the date of issue, ElringKlinger's share price will thus adjust downwards to a third of its pre-split price. The exact date of the initial listing has yet to be set.
The stock split will have no effect on the company's ownership structures or equity.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Stephan Haas
Investor Relations Manager
Telefon: +49(0)7123 724-137
E-Mail: stephan.haas@elringklinger.de
Branche: Automotive Equipment
ISIN: DE0007856023
WKN: 785602
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Düsseldorf / free trade
Börse München / free trade
Börse Stuttgart / regulated dealing
Original-Content von: ElringKlinger AG, übermittelt durch news aktuell