Stock split at Software AG
- In a 3-for-1 split, shareholders will receive three Software AG shares for one current share
- The conversion will take place on May 13, 2011
- Stock orders expire at the end of May 12, 2011
The proposal presented at Software AG's (Frankfurt TecDAX: SOW) Annual General Meeting on May 5, 2011 to implement a stock split at the ratio of three for one was approved.
The share capital of the Company in a 3:1 stock split will results in 86,148,183 bearer shares. Instead of each share representing a proportionate amount of the share capital of 3 EUR, three shares will represent the lowest legal amount of share capital of 1 EUR.
The goal is to make, given the current share price levels, Software AG's shares even more attractive to even broader spectrum of investors and further increase the liquidity of the stock. The price of Software AG's stock has long been well above 100 EUR. The stock appeared expensive when compared to other stock market values. The stock split leads mathematically to reduction in the price of each share to one third.
The conversion will be done at the start of trading on May 13, 2011. There are no costs to shareholders associated with this conversion.
No action by the shareholders in connection with the share split is required; the technical implementation will be handled by the custodian banks. Banks point out that unfulfilled stock orders will expire on May 12, 2011.
Software AG - EN
Software AG is the global leader in Business Process Excellence. Our 40 years of innovation include the invention of the first high-performance transactional database, Adabas; the first business process analysis platform, ARIS; and the first B2B server and SOA-based integration platform, webMethods.
We offer our customers end-to-end business process management (BPM) solutions delivering low Total-Cost-of-Ownership and high ease of use. Our industry-leading brands, ARIS, webMethods, Adabas, Natural, CentraSite and IDS Scheer Consulting, represent a unique portfolio encompassing: process strategy, design, integration and control; SOA-based integration and data management; process-driven SAP implementation; and strategic process consulting and services.
Software AG had revenues of €1.1 billion in 2010 and has more than 5,600 employees serving 10,000 enterprise and public institution customers across 70 countries. Our comprehensive software and services solutions allow companies to continuously achieve their business results faster. The company is headquartered in Germany and listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW).