Source: EQS Group AG
DGAP-News: Implementation of Brenntag AG stock split on August 1, 2014
DGAP-News: Brenntag AG / Key word(s): Corporate Action
Implementation of Brenntag AG stock split on August 1, 2014
24.07.2014 / 14:40
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Mülheim an der Ruhr, July 24, 2014
Implementation of Brenntag AG stock split on August 1, 2014
- 1:3 stock split on August 1, 2014
- Shares in securities accounts will be converted automatically by the
depository banks
Brenntag, the global market leader in chemical distribution, will proceed
with a 1:3 stock split on August 1, 2014, as resolved by the General
Shareholders' Meeting on June 17, 2014. On that date, the quotation of
Brenntag shares (WKN A1DAHH, ISIN DE000 A1DAHH) in the Frankfurt Stock
Exchange regulated market (Prime Standard) will be converted without the
securities identification number being changed.
"Since being listed at the stock exchange in March 2010, the Brenntag share
price has shown a very pleasing performance. The absolute share price now
looks relatively high compared to the prices of other MDAX shares. The
stock split is intended to make our shares more attractive to an even wider
range of investors and to increase the share's liquidity," says Georg
Müller, Brenntag AG's Chief Financial Officer, explaining the move.
Following the capital increase from company funds through the issue of new
shares, the registered share capital of the company is now EUR 154,500,000
and is divided into an equally high number of registered no-par-value
shares following the split. Shareholders will be issued two additional
shares for each Brenntag share they hold by their depository bank. The
change does not require any action from them. The share price will also be
arithmetically divided by three without having an impact on the value of
each shareholder's portfolio.
About Brenntag:
Brenntag, the global market leader in chemical distribution, covers all
major markets with its extensive product and service portfolio.
Headquartered in Mülheim an der Ruhr, Germany, the company operates a
global network with more than 480 locations in more than 70 countries. In
2013, the company, which has a global workforce of more than 13,000,
generated sales of EUR 9.8 billion (USD 13.0 billion). Brenntag is the link
between chemical manufacturers and chemical users. The company supports its
customers and suppliers with tailor-made distribution solutions for
industrial and specialty chemicals. With over 10,000 products and a
world-class supplier base, Brenntag offers one-stop-shop solutions to
around 170,000 customers. This includes specific application technology, an
extensive technical support and value-added services such as just-in-time
delivery, product mixing, formulation, repackaging, inventory management
and drum return handling. Long-standing experience and local excellence in
the individual countries characterize the global market leader in chemical
distribution.
Press contact::
Hubertus Spethmann
Brenntag AG
Corporate Communications
Stinnes-Platz 1
45472 Mülheim an der Ruhr
Germany
Tel: +49 (208) 7828-7701
Fax: +49 (208) 7828-7220
E-mail: hubertus.spethmann@brenntag.de
http://www.brenntag.com
Contact for investors:
Thomas Langer, Diana Alester, René Weinberg
Brenntag AG
Corporate Finance & Investor Relations
Stinnes-Platz 1
45472 Mülheim an der Ruhr
Germany
Tel: +49 (208) 7828-7653
Fax: +49 (208) 7828-7755
E-mail: IR@brenntag.de
http://www.brenntag.com
End of Corporate News
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24.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Brenntag AG
Stinnes Platz 1
45472 Mülheim an der Ruhr
Germany
Phone: +49 (0) 208 7828 - 7653
Fax: +49 (0) 208 7828 - 7755
E-mail: ir@brenntag.de
Internet: www.brenntag.com
ISIN: DE000A1DAHH0
WKN: A1DAHH
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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