PresseBox
Press release BoxID: 150059 (CeoTronics AG Audio Video Data Communication)
  • CeoTronics AG Audio Video Data Communication
  • Adam-Opel-Straße 6
  • 63322 Rödermark
  • http://www.ceotronics.com
  • Contact person
  • Thomas Stamm
  • +49 (6074) 8751-724

Share split

CeoTronics share split on January 31, 2008 / 1:3 share split / 6,599,994 CeoTronics shares in future

(PresseBox) (Rödermark, ) CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), listed in the Prime Standard and the Technology All Share segment of the Frankfurt Stock Exchange, will implement the 1:3 share split resolved by the General Meeting on November 2, 2007 on January 31, 2008 after the stock market closes. This will increase the number of shares from currently 2,199,998 to 6,599,994. Each no-par value share with a notional interest in the share capital of €3.00 will be replaced by three no-par value shares each with a notional interest of €1.00 in the share capital. Each shareholder with one no-par value share will hold three no-par value shares after the share split. Shareholders will automatically be credited their additional shares at the share split date. The share split will be free of charge for shareholders.

Issuer’s information and explanatory remarks on this ad hoc disclosure:
CeoTronics AG’s Annual General Meeting on November 2, 2007 resolved to reclassify the share capital. Each no-par value share having a notional interest of €3.00 will be replaced by 3 no-par value shares with a notional interest of €1.00 each. The relevant registration in the commercial register was made on January 16, 2008, and the amendment to the Articles of Association has thus taken effect. The right of shareholders to individual certification of their shares is excluded in accordance with the Articles of Association. CeoTronics AG’s bonus shares are evidenced exclusively in a global certificate, which is deposited with Clearstream Banking AG, Frankfurt. CeoTronics shareholders will hold an interest in this global certificate according to their share as coowner by receiving a relevant credit to their custody account. Bonus shares will be credited in collective custody only.

After the stock market closes on January 31, 2008, the securities held in collective custody at Clearstream Banking AG will be split by the custodian banks in the ratio of 1:3. Three new shares with the new notional interest of €1.00 each will result from each old share. All existing market orders will be cancelled.

Price determination for the shares with a new notional interest of €1.00 and the same German Securities Code (WKN 540 740, ISIN DE0005407407) will commence as of February 1, 2008 in the Regulated Market/Prime Standard of the Frankfurt Stock Exchange.

CeoTronics AG expects this measure to increase interest in its shares from private and institutional investors. Above all, the share split should further increase liquidity in the shares.