EANS-News: ANDRITZ share split on April 23, 2012
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Company Information
Graz (euro adhoc) - Graz, April 12, 2012. The ANDRITZ share split in a ratio of
1:2 will take place when trading opens on the Vienna Stock Exchange on April 23,
2012. The share split approved by the ANDRITZ AG Annual General Meeting on March
22, 2012 has now been entered in the Companies Register. This split will double
the number of no-par value shares from 52,000,000 to 104,000,000. At the same
time, the Vienna Stock Exchange will amend the price of the ANDRITZ share when
trading opens on April 23, 2012 to half of the price quoted on the day before.
Shareholders with ANDRITZ shares in a bank custody account will receive an
automatic credit of one additional share for every share in the custody account
on April 23, 2012 and do not have to make any special arrangements. The share
split will be conducted free of charge.
Shareholders in possession of actual share certificates will receive one
additional share for each share owned against presentation of the share
certificate. As the Annual General Meeting on March 22, 2012 resolved not to
issue individual share certificates, shareholders with actual share certificates
will not receive any more actual share certificates as a result of the share
split. These shareholders must present the certificate for their shares to their
local bank or to Erste Group Bank AG, Graben 21, A-1010 Vienna, Austria, during
banking hours and specify a custody account to which the additional shares are
to be booked. There are plans to declare the existing actual share certificates
void in the course of 2012 (information to this effect will be published at the
appropriate time).
In conducting this share split, ANDRITZ has the intention to facilitate trading
of its shares and make them more attractive, particularly for small investors.
The capital stock of ANDRITZ AG remains unchanged at EUR 104,000,000.00 as a
result of the share split. Thus, the proportionate amount of the capital stock
is EUR 1.00 per no-par value share.
- End -
The ANDRITZ GROUP
International technology Group ANDRITZ is a globally leading supplier of plants,
equipment, and services for hydropower stations, the pulp and paper industry,
solid-liquid separation in the municipal and industrial sectors, the steel
industry, and the production of animal feed and biomass pellets. In addition,
ANDRITZ offers technologies for certain other sectors including automation,
pumps, machinery for nonwovens and plastic films, steam boiler plants, biomass
boilers and gasification plants for energy generation, flue gas cleaning plants,
plants for the production of panelboards (MDF), thermal sludge utilization, and
torrefaction plants. The publicly listed ANDRITZ GROUP is headquartered in Graz,
Austria and has a staff of approximately 16,700 employees worldwide. ANDRITZ
operates over 180 production sites as well as service and sales companies all
around the world.
Further inquiry note:
Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com
end of announcement euro adhoc
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company: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English
Original-Content von: Andritz AG, übermittelt durch news aktuell