ENP Newswire - 05 May 2014
Release date- 02052014 - On the occasion of the 125th anniversary of HeidelbergCement's stock exchange listing, Dr. Bernd Scheifele, Chairman of the Managing Board, started the floor trading at the Frankfurt Stock Exchange on 30 April 2014 in the traditional way by ringing the opening bell.
Beside Mrs Hauke Stars, Member of the Managing Board of Deutsche Borse AG, employees of the Investor Relations and Treasury departments of HeidelbergCement as well as members of the press were invited by Deutsche Borse AG to participate at the ceremony.
'We are very pleased and proud to celebrate today the 125th anniversary of HeidelbergCement's stock exchange listing,' says Dr. Scheifele. 'HeidelbergCement is one of the oldest publicly listed industrial companies in Germany. This jubilee is the clear proof of the company's business strategy of sustainable and long-term growth. HeidelbergCement's listing at the stock exchange has contributed significantly to the development of the company from a local cement producer in southern Germany to one of the world's leading building materials producers during many decades.'
After the death of the company founder Johann Philipp Schifferdecker in 1887, his heirs decided to transform the company into a public limited company. The entry in the Commercial Register took place on 21 March 1889 under the name of 'Portlandcementwerk Heidelberg vormals Schifferdecker & Sohne Actiengesellschaft'. The share capital was split into 5,500 bearer shares with a nominal value of 1,000 Mark each. Shortly thereafter, 2,500 of these shares were placed on the market. Subscription started on 2 April 1889 and the allocation took place from 15 April to 30 April with a subscription price of 152.5 %.
Today, HeidelbergCement's share capital amounts to around EUR 563.75 million split into around 187.9 million shares. The HeidelbergCement shares are admitted to trading on the regulated markets of the Frankfurt am Main (Prime Standard), Munich, Stuttgart, and Dusseldorf stock exchanges. In addition, the shares are traded on the over-the-counter market of the stock exchanges Berlin, Hamburg, and Hannover. Since June 2010, HeidelbergCement has been included in the German Stock Exchange's benchmark index DAX 30 - as the first building materials company.
HeidelbergCement is the global market leader in aggregates and a prominent player in the fields of cement, concrete, and other downstream activities, making it one of the world's largest manufacturers of building materials. The company employs some 52,600 people at 2,500 locations in more than 40 countries.
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