Ad-hoc Release: Jungheinrich Plans Stock Split
Proposed stock split ratio: 1:3 - Annual General Meeting to decide on May 24, 2016
Hamburg—The Board of Management and the Supervisory Board of Jungheinrich AG will propose to the Ordinary General Meeting that will take place on May 24, 2016 to conduct a 1:3 stock split. The goal is to promote Jungheinrich share trad-ing and make the stock even more attractive to investors.
If approval is obtained from the General Meeting, with effect from the issue date and without making a payment, every Jungheinrich shareholder will receive three new shares for every share held. The company’s capital stock is currently divided into 34 million individual no-par shares (18 million ordinary shares and 16 million preferred shares) each accounting for an imputed share of the capital stock of €3.00. The split will triple the number of shares to 102 million (54 million ordinary shares and 48 million preferred shares) each accounting for an imputed share of the capital stock of €1.00.
The stock split will not change the company’s equity shareholdings.
The agenda for this year’s Annual General Meeting, which has been approved by the Board of Management and the Supervisory Board today, will be published on April 13, 2016. The affected provisions of the company’s Articles of Association will be adapted accordingly.