H&R GmbH & Co. KGaA
H&R GmbH & Co. KGaA: Issuance of bonus shares planned
H&R GmbH & Co. KGaA / Key word(s): Corporate Action Insider information under Article 17 of the Market Abuse Regulation [MAR]
Salzbergen, 14 March 2017: H&R GmbH & Co. KGaA (H&R KGaA) announces that at the upcoming Annual Shareholders’ Meeting on 18 May 2017, the company intends to use company funds to increase the company’s share capital by converting a portion of the capital reserve reported in the company’s balance sheet as of 31 December 2016. Despite the existing loss carryforward under the German Commercial Code [HGB], the company’s management has decided, given the successful business performance over the past two financial years, to issue so-called bonus shares to allow shareholders to participate in the company’s success, in line with the dividend policy followed in previous years. All limited liability shareholders owning shares in H&R KGaA on the date when the capital increase is implemented will be eligible. The Managing Directors and the Supervisory Board will probably decide in early April 2017 on the specific resolution they will propose to the Annual Shareholders’ Meeting, which in particular will specify the subscription ratio and further details. The company will provide separate notification on this matter. The subscription ratio will likely be within a range of 30:1 to 50:1. For the capital increase to be implemented, the regular Annual Shareholders’ Meeting on 18 May 2017 must pass the required resolution to increase capital and the resolution must be recorded in the company’s Commercial Register.
14-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | H&R GmbH & Co. KGaA |
Neuenkirchener Str. 8 | |
48499 Salzbergen | |
Germany | |
Phone: | +49 (0)40 43 218 321 |
Fax: | +49 (0)40 43 218 390 |
E-mail: | investor.relations@hur.com |
Internet: | www.hur.com |
ISIN: | DE0007757007 |
WKN: | 775700 |
Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |