- Dürr share becomes more liquid and appealing to investors
- Total number of shares doubles to 69,202,080
- Share price will be halved arithmetically on the day of allocation (June 22, 2018)
The process of issuing the bonus shares will double the total number of Dürr AG shares from 34,601,040 to 69,202,080. Accordingly, the Dürr share price will be halved arithmetically as of June 22. The participation ratio of each shareholder will remain unchanged, as will the valuation ratios of the Dürr share. The new shares are entitled to a dividend with retrospective effect as of January 1, 2018.
A prerequisite for issuing the bonus shares was the doubling of the capital stock from € 88.6 million to € 177.2 million by way of a capital increase from company funds. In the process, open reserves were converted into capital stock. The level of equity of Dürr AG, totaling € 926.8 million (March 31, 2018), remained unchanged. This measure was approved at the annual general meeting on May 9, 2018.