18.06.2008
Schuler completes conversion of preferred stock into common stock
The conversion of all 10.5 million preferred shares into new common shares with voting rights, as adopted by the Annual Shareholders' Meeting of Schuler AG on April 10, 2008, can now be completed. The conversion is to be entered in the Commercial Register on June 19, 2008. Application has already been made for the shares to be admitted and listed on the Regulated Markets of the Frankfurt Stock Exchange and the Stuttgart Stock Exchange. Admission is also expected on June 19, 2008. Initial listing of the shares at the Frankfurt and Stuttgart exchanges is planned for June 20, 2008. It is expected that custodian bank deposits of preferred shares with the ISIN numbers DE0007210635 and DE000A0SMUN6 will be converted 1:1 into new common shares with the ISIN number DE000A0V9A22 on the evening of June 19, 2008. Schuler AG shareholders do not need to make any arrangements themselves.
The step will make the Schuler share far more attractive for investors. At the same time, the conversion is aimed at widening the circle of shareholders, as many institutional and international investors in particular only invest in shares with voting rights.
Head of Corporate Communications & Investor Relations
Tel.: + 49 (0) 71 61 66-829
Contact us
To top of page
Print page