15.12.2016
Gesco AG DE000A1K0201
DGAP-News: GESCO AG: Share split in 1:3 ratio to be implemented on 22 December 2016
DGAP-News: Gesco AG / Key word(s): Miscellaneous/Miscellaneous
GESCO AG: Share split in 1:3 ratio to be implemented on 22 December 2016
15.12.2016 / 11:15
The issuer is solely responsible for the content of this announcement.
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- Share split preceded by capital increase through own funds
- Number of shares to triple
- Goals: Increase attractiveness of share, support liquidity
Wuppertal, 15 December 2016 - The share split in a ratio of 1:3 resolved at
this year's GESCO AG Annual General Meeting is to be implemented on 22
December 2016. An increasing number of predominantly private investors have
been expressing a desire to "lighten" the share by means of a share split.
After the split, the market value will be distributed across a greater
number of shares, effectively meaning that the share price in euros will
be reduced.
"This split is a response to suggestions from many of our shareholders,"
said Chairman of the Executive Board, Dr Eric Bernhard. "It is geared
towards easing trade in the GESCO share, making the share more attractive
to investors and increasing liquidity on the capital market."
The necessary entries in the commercial register have already been
completed. Before the share split, GESCO AG's share capital amounted to EUR
8.645 million, divided into 3.325 million registered shares each with a
nominal value of EUR 2.60. In the run-up to the share split, the share
capital was increased to EUR 9.975 million by converting capital reserves.
This constituted a capital conversion within equity capital, the total of
which remained unchanged; the company did not generate any new funds. The
increased share capital was then re-divided into 9.975 million shares each
with a nominal value of EUR 1.00.
The share split is to be implemented in conjunction with Clearstream
Banking AG on 22 December 2016. Shareholders' safe custody accounts will be
updated on this date, with one "old" share being converted into three "new"
shares. This will result in the number of shares tripling and the share
price being reduced accordingly. Pending orders will expire at the end of
21 December 2016. There will be no changes to the technical properties of
the shares (ISIN, WKN, ticket, Reuters code) as a result of the split.
Please visit www.gesco.de/sharesplit for further information.
About GESCO
GESCO AG is an industrial group with market and technology leaders in the
investment goods industry focusing on production process technology,
resource technology, health and infrastructure technology and mobility
technology. As a stock listed company on the Prime Standard, GESCO AG
offers private and institutional investors access to a portfolio of leading
small and medium-sized industrial German companies, so-called hidden
champions of Germany's Mittelstand.
Investor Relations - Oliver Vollbrecht
Tel. +49 202 24820-18 - Fax +49 202 24820-49
E-mail: [email protected] - Internet: www.gesco.de
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15.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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Archive at www.dgap.de
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Language: English
Company: Gesco AG
Johannisberg 7
42103 Wuppertal
Germany
Phone: +49 (0)202 248200
Fax: +49 (0)202 2482049
E-mail: [email protected]
Internet: www.gesco.de
ISIN: DE000A1K0201
WKN: A1K020
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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