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ANDRITZ Share Split on April 23 - The ANDRITZ share split in a ratio of 1:2 will take place when trading opens on the Vienna Stock Exchange on April 23 - ANDRITZ.com
ANDRITZ Share Split on April 23

 

PRZOOM - /newswire/ - Graz, Austria, 2012/04/12 - The ANDRITZ share split in a ratio of 1:2 will take place when trading opens on the Vienna Stock Exchange on April 23 - ANDRITZ.com. Reuters: ANDR.VI

   
 
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The share split approved by the ANDRITZ AG Annual General Meeting on March 22, 2012 has now been entered in the Companies Register. This split will double the number of no-par value shares from 52,000, 000 to 104,000, 000. At the same time, the Vienna Stock Exchange will amend the price of the ANDRITZ share when trading opens on April 23, 2012 to half of the price quoted on the day before.

Shareholders with ANDRITZ shares in a bank custody account will receive an automatic credit of one additional share for every share in the custody account on April 23, 2012 and do not have to make any special arrangements. The share split will be conducted free of charge.

Shareholders in possession of actual share certificates will receive one additional share for each share owned against presentation of the share certificate. As the Annual General Meeting on March 22, 2012 resolved not to issue individual share certificates, shareholders with actual share certificates will not receive any more actual share certificates as a result of the share split. These shareholders must present the certificate for their shares to their local bank or to Erste Group Bank AG, Graben 21, A-1010 Vienna, Austria, during banking hours and specify a custody account to which the additional shares are to be booked. There are plans to declare the existing actual share certificates void in the course of 2012 (information to this effect will be published at the appropriate time).

In conducting this share split, ANDRITZ has the intention to facilitate trading of its shares and make them more attractive, particularly for small investors.

The capital stock of ANDRITZ AG remains unchanged at EUR 104,000, 000.00 as a result of the share split. Thus, the proportionate amount of the capital stock is EUR 1.00 per no-par value share.

The ANDRITZ GROUP

International technology Group ANDRITZ is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, solid-liquid separation in the municipal and industrial sectors, the steel industry, and the production of animal feed and biomass pellets. In addition, ANDRITZ offers technologies for certain other sectors including automation, pumps, machinery for nonwovens and plastic films, steam boiler plants, biomass boilers and gasification plants for energy generation, flue gas cleaning plants, plants for the production of panelboards (MDF), thermal sludge utilization, and torrefaction plants. The publicly listed ANDRITZ GROUP is headquartered in Graz, Austria and has a staff of approximately 16,700 employees worldwide. ANDRITZ operates over 180 production sites as well as service and sales companies all around the world.

 
 
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Agency / Source: ANDRITZ AG

 
 

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ANDRITZ Share Split on April 23

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ANDRITZ AG |
Contact: Dr. Michael Buchbauer - ANDRITZ.com 
+43(316) 6902 2979 michael.buchbauer[.]andritz.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ANDRITZ AG securities in any jurisdiction including any other companies listed or named in this release.

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