Corporate | 23 June 2006 12:46
United Internet implements 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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United Internet implements stock split: Capital stock quadrupled to EUR
249.1 million, bonus shares to be issued in 1:3 ratio
Montabaur, June 23, 2006. United Internet AG (Elgendorfer Str. 57, 56410
Montabaur, ISIN: DE 000 508 903 1) carried out a capital increase from
company funds and will issue bonus shares to its shareholders in a 1:3
ratio on Monday, June 26, 2006.
The allocation is based on a resolution to raise the company’s capital
stock from company funds, which was adopted by the Annual Shareholders’
Meeting on June 13, 2006 and entered into the Commercial Register on June
21, 2006. Capital stock was increased by EUR 186,825,603.00, from EUR
62,275,201.00 to EUR 249,100,804.00, by converting part amounts from
capital reserves, revenue reserves and the addition to revenue reserves
from retained earnings. The capital increase involved the issue of
186,825,603 new shares. This new division of capital stock has increased
the number of company shares from 62,275,201 to 249,100,804.
The allocation of bonus shares to existing shareholders will be based on
holdings of United Internet shares on Friday, June 23, 2006, at market
closing. The transition will be effected automatically and free of charge
and will result in a fourfold increase in the stock of United Internet
shares in shareholders’ securities accounts. The 186,825,603 new shares are
available for trading at the opening of today’s market. The share price
will be adjusted immediately and in relation to the numerical increase in
shares following the split.
The new shares will be entitled to dividend payments from fiscal year 2006
onward and will be listed under the company’s existing ticker symbol and
securities identification numbers.
With over 5.3 million customer contracts, United Internet AG is one of the
leading Internet Service Providers (ISP). In its “Product” segment, the
Group’s value-added internet services and fast internet connections are
directed at private users, small/home offices (SoHos) and small to mid-size
enterprises (SMEs). These groups are served by the brands GMX, WEB.DE, 1&1
and Schlund+Partner. In addition to its “Product” business, the Group is
also engaged in “Outsourcing” (via the brands InterNetX and twenty4help) as
well as “Online Marketing” (AdLINK, affilinet and Sedo).
Contact partner:
Marcus Schaps
United Internet AG
Press spokesman
Phone: +49 2602/96-1076
Fax: +49 2602/96-1013
E-mail: mschaps@united-internet.de
(c)DGAP 23.06.2006
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Language: English
Issuer: United Internet AG
Elgendorfer Straße 57
56410 Montabaur Deutschland
Phone: +49 (0)260 296-1631
Fax: +49 (0)260 296-1013
email: Investor-Relations@United-Internet.de
WWW: www.United-Internet.de
ISIN: DE0005089031
WKN: 508903
indices: TecDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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