euro adhoc: other
PALFINGER AG - Stock Split
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
22.06.2007
PALFINGER to effect stock split as of 29 June 2007
Four-for-one stock split, increasing the number of PALFINGER shares to 37,135,000 Issued share capital raised to EUR 37,135,000
The 4-for-1 stock split of the PALFINGER share will be implemented as of 29 June 2007, increasing the number of shares from currently 9,283,750 to 37,135,000. At the same time the price of the PALFINGER share will be adjusted to a fourth of the most recently quoted price.
The Annual General Meeting of 28 March 2007 resolved on the stock split as well as the necessary doubling of the issued share capital from capital reserves from EUR 18,567,500 to EUR 37,135,000. After implementing the stock split, the pro-rated interest in the issued capital of PALFINGER AG will amount to EUR 1.00 per no-par-value share. The resulting changes to the Articles of Association have been entered into the commercial register.
Following the split, each shareholder will hold four shares for each share previously held. As of the effective date, shareholders will automatically be credited with the amount of the additional shares received. The stock split will be carried out at no cost to shareholders.
end of announcement euro adhoc 22.06.2007 07:27:47
Further inquiry note:
Hannes Roither, PALFINGER AG
Head of Public Relations & Investor Relations,
Business and Financial Media
Tel.: +43 662 46 84-2260
mailto:h.roither@palfinger.com
www.palfinger.com
Branche: Machine Manufacturing
ISIN: AT0000758305
WKN: 919964
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing