Corporate | 21 April 2006 09:00
ARQUES Industries AG aims at stock split
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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ARQUES aims at stock split
Issuing of bonus shares – Nominal capital increases to EUR 24.3 million
Starnberg, April 21, 2006 – The Supervisory Board and Executive Board of
ARQUES Industries AG (ISIN DE0005156004) wish to propose to the General
Meeting of the company on May 30, 2006 that the capital of the company be
increased from company funds by EUR 21.8 million to EUR 24.3 million. The
Supervisory Board and Executive Board agreed upon this in a joint
resolution on April 20, 2006.
Tied into this stock split would be the issuing of 21.8 million bonus
shares, which are to be offered to the shareholders at a no-cost
subscription in a ratio of 1 (previously 1 share per shareholder): 10 (in
the future 10 shares per shareholder). The capital increase is possible,
since on the basis of the certified 2005 holding financial statements of
ARQUES Industries AG, the capital reserves alone have increased to over EUR
53 million.
“We hope this action will significantly increase the attractiveness of our
stock for our investors. This huge increase in registered capital should
also demonstrate the financial strength of the company to the outside
world,” claimed the Supervisory Board and Executive Board in a joint
statement.
The Supervisory Board also approved the Executive Board’s suggestion to
propose to the General Meeting a 78% increase in the dividend to EUR 2.05
per share.
About ARQUES
ARQUES Industries AG, Starnberg, is a turnaround specialist who focuses on
the acquisition and the active restructuring of companies in transitional
situations, in order to develop these, with its own team and own resources,
to competitive enterprises with a positive yield. ARQUES revitalises its
subsidiaries’ potential for creating value for the benefit of all its
stakeholders, taking on the relevant social responsibility. ARQUES has made
a duty of identifying underestimated companies with reduced survivability
but with high appreciation potential, at the same time mastering complex
company structures and transitional situations. The shares of ARQUES
Industries AG are traded in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange under the symbol ‘AQU’ (ISIN: DE0005156004)
and are listed in the SDAX since September 19, 2005.
Contact:
ARQUES Industries AG
Investor Relations & Corporate Communication
Anke Lüdemann, CEFA/CIIA
Tel.: +49 (0) 8151/ 651 0
Email: luedemann@arques.de
(c)DGAP 21.04.2006
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language: English
emitter: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg Deutschland
phone: +49 (0)8151 651-0
fax: +49 (0)8151 651- 500
email: info@arques.de
WWW: www.arques.de
ISIN: DE0005156004
WKN: 515600
indexes: SDAX
stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, München, Stuttgart
End of News DGAP News-Service
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