SIMONA executes stock split
Company
Kirn, 26 August 2021. The stock split approved by the Annual General Meeting of Shareholders of SIMONA AG on 2 June 2021 is now to be implemented. Deutsche Börse and Clearstream Banking, as the central securities depository for German shares, have given their approval to the proposed schedule. On the evening of Friday, 27 August 2021, the custodian banks will convert the custody accounts relating to SIMONA shares at a ratio of 1:10. The conversion of the securities account holdings is free of charge for the company's shareholders. Stock exchange trading will take place from Monday, 30 August 2021, under the new WKN/ISIN. Orders placed shall expire, if applicable, in accordance with the relevant Exchange Transaction Conditions.
Shareholders who held one share on the record date will receive an additional nine shares. Following the stock split, the share capital of SIMONA AG amounting to €15,500,000 is thus divided into 6,000,000 no-par-value shares with a notional interest in the share capital of approximately €2.58. No action is to be taken by shareholders in respect of the conversion of the share capital as a result of the stock split.
The stock split is aimed at further enhancing the attractiveness of SIMONA's shares and increasing trading volumes.
More information on stock split
SIMONA – Global Thermoplastic Solutions
SIMONA AG is one of the leading manufacturers of thermoplastic products, with production facilities and sales offices around the globe, as well as an acknowledged development partner within this field. The company's portfolio includes semi-finished products (sheets, rods, profiles, welding rods), pipes and fittings. SIMONA employs approx. 1,500 people worldwide. The Group manufactures 35,000 products in Germany and abroad, offering best-in-class solutions tailored to a wide range of applications: in the chemical processing industry, in the water, energy and commodities supply sector as well as in the field of mobility, construction and environmental technology. Annual production exceeds 130,000 tonnes. SIMONA AG is a stock corporation listed in the General Standard. The company's registered office is in Kirn, Rhineland-Palatinate (Germany). For further information, please refer to www.simona.de.
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