Press Release

Dürr issues bonus shares on June 22, 2018

Bietigheim-Bissingen, June 18, 2018 – As announced, Dürr AG will issue bonus shares in a ratio of 1:1 on June 22, 2018. On that day, all shareholders will have the same number of shares additionally credited to the deposit accounts they hold on the evening of June 21, 2018. The allocation will be made automatically on June 22, 2018, and credited via the collective custody account. The allocation is free of charge to the shareholders, who do not need to take any action. This measure is intended to enhance the liquidity of Dürr stock and make it even more appealing to investors.

  • Dürr share becomes more liquid and appealing to investors
  • Total number of shares doubles to 69,202,080
  • Share price will be halved arithmetically on the day of allocation (June 22, 2018)

The process of issuing the bonus shares will double the total number of Dürr AG shares from 34,601,040 to 69,202,080. Accordingly, the Dürr share price will be halved arithmetically as of June 22. The participation ratio of each shareholder will remain unchanged, as will the valuation ratios of the Dürr share. The new shares are entitled to a dividend with retrospective effect as of January 1, 2018.

A prerequisite for issuing the bonus shares was the doubling of the capital stock from € 88.6 million to € 177.2 million by way of a capital increase from company funds. In the process, open reserves were converted into capital stock. The level of equity of Dürr AG, totaling € 926.8 million (March 31, 2018), remained unchanged. This measure was approved at the annual general meeting on May 9, 2018.

The Dürr Group is one of the world's leading mechanical and plant engineering firms with extensive expertise in automation and digitization/Industry 4.0. Products, systems and services offered by the Group enable highly efficient manufacturing processes in different industries. Dürr supplies sectors like the automotive industry, the mechanical engineering, chemical and pharmaceutical industries, and the woodworking industry. The company has 92 business locations in 31 countries. The Group generated sales of € 3.72 billion in 2017. Dürr has around 15,000 employees and operates in the market with five divisions:

  • Paint and Final Assembly Systems: Paint shops and final assembly systems for the automotive industry
  • Application Technology: Robot technology for the automated application of paint, sealants and adhesives
  • Measuring and Process Systems: Balancing and cleaning equipment as well as assembly, testing and filling technology
  • Clean Technology Systems: Exhaust-air purification systems and energy efficiency technology
  • Woodworking Machinery and Systems: Machinery and equipment for the wood-processing industry

 

 

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