14.03.2017
GRENKE AG DE000A161N30
DGAP-Adhoc: GRENKE AG: GRENKE proposes an increase in the share capital from company funds and a 1:3 stock split to the Annual General Meeting
DGAP-Ad-hoc: GRENKE AG / Key word(s): Corporate Action
GRENKE AG: GRENKE proposes an increase in the share capital from company
funds and a 1:3 stock split to the Annual General Meeting
14-March-2017 / 10:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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GRENKE proposes an increase in the share capital from company funds and a
1:3 stock split to the Annual General Meeting
Baden-Baden, March 14, 2017: The Supervisory Board and Board of Directors of
GRENKE AG (ISIN DE000A161N30) will propose an increase in the share capital
from company funds to the Annual General Meeting to be held on May 11, 2017,
in order to execute a 1:3 stock split.
GRENKE's share price has risen continuously in recent years. The aim of the
increase in GRENKE AG's share capital from company funds proposed to the
Annual General Meeting and the 1:3 stock split is to increase the trading
volume in GRENKE shares making the shares even more attractive to investors.
GRENKE AG's share capital currently amounts to EUR 18,880,774.47 and is
divided into 14,771,034 no-par value registered shares with a notional
interest in the share capital of EUR 1.28 (rounded). Following the execution
of the capital increase from company funds of EUR 25,432,327.53, without the
issuance of new shares, the share capital will then amount to EUR
44,313,102.00. Following the registration of the capital increase in the
commercial register and as a result of the planned 1:3 stock split, one
no-par value share with an increased notional interest in the share capital
of EUR 3.00 per share will be replaced by three shares each with a notional
interest in the share capital of EUR 1.00. The Company's shareholder
structure is not affected by the capital increase from company funds nor the
stock split. The capital increase from company funds also does not affect
the Company's equity on the balance sheet because the transaction only
results in a reclassification within equity.
The agenda for the Annual General Meeting, which was resolved by the
Supervisory Board and previously by the Board of Directors, is expected to
be published in the Federal Gazette on March 27, 2017. The corresponding
provisions of the Articles of Association will be amended with regard to the
planned stock split.
The Board of Directors
End of ad hoc announcement
For further information, please contact:
GRENKE AG
Corporate Communications / Investor Relations
Neuer Markt 2
76532 Baden-Baden
Phone: +49 7221 5007-204
Email: [email protected]
Internet: http://www.grenke.de
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14-March-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: GRENKE AG
Neuer Markt 2
76532 Baden-Baden
Germany
Phone: +49 (0)7221 50 07-204
Fax: +49 (0)7221 50 07-4218
E-mail: [email protected]
Internet: www.grenke.de
ISIN: DE000A161N30
WKN: A161N3
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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553753 14-March-2017 CET/CEST
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