Klöckner & Co - Admission to the MDAX index of the Deutsche Börse
Duisburg (euro adhoc) -
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Duisburg, January 25, 2007 - The international distribution company Klöckner & Co, which has been included in the SDAX index since September 18, 2006, will be admitted to the MDAX index of the Deutsche Börse (German Stock Exchange) in Frankfurt am Main outside of the regular testing schedule on January 29, 2007.
Dr. Thomas Ludwig, Chairman of the Board of Management of Klöckner & Co AG, welcomed the decision. "The admission of the Klöckner & Co share to the MDAX index confirms the extremely positive performance of our company in recent months. We are pleased that the good performance of our share has been confirmed by its admission to the index, making the share even more attractive as a result. The admission to the MDAX was undoubtedly accelerated by the increase in the freefloat of the Klöckner & Co share to 84.5 per cent."
The freefloat of the Klöckner & Co share increased from some 55 per cent to 84.5 per cent on January 24, 2007, following the release of some 29.7 per cent of the holdings of principal shareholder Lindsay Goldberg & Bessemer (LGB) onto the free market. LGB now holds around 15.5 per cent of the companys share capital.
Since Klöckner & Co AG launched its IPO on June 28, 2006, the share price (issue price EUR 16.00) has more than doubled. On January 24, 2007, the share price closed at EUR 34.12 (Xetra) at the end of the days trading. In 2006 the company reported sales of some EUR 5.5 billion.
About Klöckner & Co:
Klöckner & Co is the largest producer-independent steel and metal distributor in the European and North American markets combined. The core business of the Klöckner & Co-Group is the storage and distribution of steel and non-ferrous metals. About 200,000 active customers are supplied through approximately 240 distribution locations in 14 countries in Europe and North America. Klöckner & Co was founded more than100 years ago by Peter Klöckner. During the financial year 2005, the company achieved sales of approximately EUR5 billion with around 10,000 employees. The shares of Klöckner & Co Aktiengesellschaft are admitted to trading on the official market segment (Amtlicher Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to the sub-segment (Prime Standard) to the official market with further post-admission obligations. ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.
Contacts: Peter Ringsleben, Claudia Uhlendorf - Corporate Communications
Klöckner & Co AG Am Silberpalais 1 D - 47057 Duisburg
Peter Ringsleben Phone: +49 203 307 2800 Fax: +49 203 307 5060 e-mail: peter.ringsleben@kloeckner.de
Claudia Uhlendorf Phone: +49 203 307 2289 Fax: +49 203 307 5103 e-mail: claudia.uhlendorf@kloeckner.de
end of announcement euro adhoc 25.01.2007 13:05:37
Further inquiry note:
Claudia Uhlendorf
Public Relations
Telefon: +49(0)203-307-2289
E-Mail: claudia.uhlendorf@kloeckner.de
Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share, SDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Original-Content von: Klöckner & Co SE, übermittelt durch news aktuell