News Column

Share split at Merck to be effective at the end of June

June 23, 2014



ENP Newswire - 23 June 2014

Release date- 20062014 - Darmstadt, - Subsequent to the approval by the Annual General Meeting of Merck KGaA on May 9, 2014 of a 1:2 share split, as of Monday, June 30, 2014, the listing of Merck shares (ISIN: DE0006599905, WKN: 659990) on the regulated market of the Frankfurt Stock Exchange (Prime Standard) will be changed.

The no-par-value shares with a pro rata amount of the share capital of EUR 2.60 will each be divided into two shares with a pro rata amount of the share capital of EUR 1.30 a piece. The price of a share will thereby be mathematically halved, with each shareholder then owning twice as many shares as before. Therefore, the share capital will not change.

Shares that are held in a securities account (collective securities accounts and possibly individual accounts), will be automatically converted; their owners do not need to take any action. Stock exchange orders that have not yet been executed, for example buy and sell limit orders, will expire after June 27, 2014 and need to be reissued.

The owners of paper share certificates (effective share certificates) will be asked to contact their financial institution.

The objective of the share split is to make Merck shares more attractive to all private investors. Thanks to the consistent implementation of the 'Fit for 2018' transformation and growth program, the Merck share price has doubled over the past three years and has remained at well over EUR 100 for one year now.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: ENP Newswire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters