Ad-hoc | 21 March 2007 07:17
Fresenius Medical Care AG & Co. KGaA / Miscellaneous
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Fresenius Medical Care AG & Co. KGaA today announced that it will propose a
share split for both classes of shares (ordinary and preferred) in the
ratio of 1:3 to the next General Shareholder Meeting on May 15, 2007.
The strong performance of the company in recent years has led to a sharp
increase in the share price. The price per ordinary share is currently one
of the highest in Germany’s DAX index. A share split would significantly
lower the price of the individual Fresenius Medical Care share. The
proposed share split is intended to promote more trading activity in
Fresenius Medical Care shares and to increase the shares’ attractiveness
for a broader group of investors.
Through a conversion of capital reserves, the subscribed capital of
Fresenius Medical Care AG & Co. KGaA is first increased to €295.2 million.
The subscribed capital is then divided into 291,449,373 ordinary shares and
3,711,435 preference shares. The new amount of the subscribed capital will
then be €1.00 per share. After the share split, every holder of an ordinary
share will hold three ordinary shares and every holder of a preference
share will hold three preference shares. As a result of the share split,
the price level will be reduced arithmetically without affecting the
overall value for shareholders.
For American Depositary Share (ADS) Investors:
Fresenius Medical Care shares are traded on the New York Stock Exchange
(NYSE) in the form of ADSs. Currently, the ratio between the ordinary and
preference ADS and the underlying ordinary and preference shares is 3:1,
meaning that three Fresenius Medical Care ordinary or preference ADSs are
the equivalent of one Fresenius Medical Care ordinary or preference share.
Upon approval of the proposed share split and the registration with the
commercial register, each Fresenius Medical Care ordinary or preference ADS
will represent one Fresenius Medical Care ordinary or preference share.
Fresenius AG (WKN 578560, 578563) holds approximately 36% of Fresenius
Medical Care AG & Co. KGaA’s capital.
Fresenius Medical Care AG & Co. KGaA,
Represented by Fresenius Medical Care Management AG,
Board of Management,
Bad Homburg v.d.H., March 21, 2007
DGAP 21.03.2007
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Language: English
Issuer: Fresenius Medical Care AG & Co. KGaA
Else-Kröner-Straße 1
61352 Bad Homburg Deutschland
Phone: +49 (0) 6172- 609 2525
Fax: +49 (0) 6172- 609 2301
E-mail: ir@fmc-ag.com
www: www.fmc-ag.de
ISIN: DE0005785802, DE0005785836,
WKN: 578580, 578583
Indices: DAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Hannover, München, Hamburg, Düsseldorf,
Stuttgart; Terminbörse EUREX; Foreign Exchange(s) NYSE
End of News DGAP News-Service
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