Corporate | 24 July 2014 14:40
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Brenntag AG / Key word(s): Corporate Action
Mülheim an der Ruhr, July 24, 2014 Implementation of Brenntag AG stock split on August 1, 2014 – 1:3 stock split on August 1, 2014 – Shares in securities accounts will be converted automatically by the depository banks Brenntag, the global market leader in chemical distribution, will proceed with a 1:3 stock split on August 1, 2014, as resolved by the General Shareholders’ Meeting on June 17, 2014. On that date, the quotation of Brenntag shares (WKN A1DAHH, ISIN DE000 A1DAHH) in the Frankfurt Stock Exchange regulated market (Prime Standard) will be converted without the securities identification number being changed. “Since being listed at the stock exchange in March 2010, the Brenntag share price has shown a very pleasing performance. The absolute share price now looks relatively high compared to the prices of other MDAX shares. The stock split is intended to make our shares more attractive to an even wider range of investors and to increase the share’s liquidity,” says Georg Müller, Brenntag AG’s Chief Financial Officer, explaining the move.
Following the capital increase from company funds through the issue of new shares, the registered share capital of the company is now EUR 154,500,000 and is divided into an equally high number of registered no-par-value shares following the split. Shareholders will be issued two additional shares for each Brenntag share they hold by their depository bank. The change does not require any action from them. The share price will also be arithmetically divided by three without having an impact on the value of each shareholder’s portfolio.
Contact for investors:
End of Corporate News 24.07.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | Brenntag AG | |
| Stinnes Platz 1 | ||
| 45472 Mülheim an der Ruhr | ||
| Germany | ||
| Phone: | +49 (0) 208 7828 – 7653 | |
| Fax: | +49 (0) 208 7828 – 7755 | |
| E-mail: | ir@brenntag.de | |
| Internet: | www.brenntag.com | |
| ISIN: | DE000A1DAHH0 | |
| WKN: | A1DAHH | |
| Indices: | MDAX | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart | |
| End of News | DGAP News-Service |
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