ElringKlinger stock split implemented

DJ ElringKlinger stock split implemented

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The 1:3 stock split agreed at the Annual General Meeting of ElringKlinger AG on 
May 30, 2008, will be implemented on July 4, 2008, after the close of the stock 
exchange. The initial "ex-split" listing of the new shares is to take place on 
July 7, 2008. 
 
1:3 stock split 
The company's share capital will be restructured into 57,600,000 no-par-value 
shares with a notional interest in share capital of EUR 1.00 per share. As a 
result of the split, the overall number of shares will increase threefold. The 
corresponding amendment to the Articles of Association as agreed at the General 
Meeting on May 30, 2008 was recorded at the Stuttgart District Court in the 
Commercial Register on June 9, 2008. 
 
The stock split will have no effect on the company's ownership structures or 
equity. Therefore, as of July 7, 2008, ElringKlinger's share price is expected 
to adjust downwards to approximately one-third of its pre-split price. 
 
The rationale behind this measure is to promote the liquidity of ElringKlinger 
stock by means of higher trading volumes. 
 
Procedure Details 
The custodian banks will make the appropriate adjustments to shares deposited in 
safe custody accounts on the basis of the balance held on the evening of July 4, 
2008, by crediting three no-par-value shares to shareholders' safe custody 
accounts for each no-par-value share originally held. The reorganization of 
share capital will also involve a reclassification of the stock exchange listing 
of the company's registered shares. The listings of registered shares (ISIN 
DE0007856023) in ElringKlinger AG within the regulated market of the Frankfurt 
am Main and Stuttgart stock exchanges will be reclassified on July 7, 2008. 
Effective from this date, the company's registered shares will be traded and 
listed as "ex split". Existing stock exchange orders will expire at the end of 
July 4, 2008. 
 
The adjustments performed by custodian banks to safe custody accounts are free 
of charge for shareholders. 
 
 
end of announcement                               euro adhoc 
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(END) Dow Jones Newswires

July 01, 2008 09:47 ET (13:47 GMT)