Forward stock split for Bechtle shareholders
Forward stock split for Bechtle shareholders
- Shares will be split 3-for-1
- Shareholders to receive two additional shares for each share they currently own
- No impact on share portfolio value
Neckarsulm, 10 August 2021 – Bechtle AG’s increase in share capital from company funds that was decided at the AGM on 15 June 2021 is scheduled to take place on 13 and 16 August 2021. It will have an effect similar to a 3-for-1 forward stock split. The increase in share capital was entered into the commercial register as early as 29 July, covering all legal formalities. As a result, capital stock has tripled to a sum of €126 million.
The technical implementation for the split has been scheduled for 13 August—which will be the last day with the old share price. The new shares will be listed on the regulated market of the Frankfurt Stock Exchange from 16 August. The price of the Bechtle share will be divided by three accordingly, without impacting the real value of the share portfolio and diluting stock ownership. Each Bechtle AG shareholder will receive two additional shares, so-called bonus shares, for each share they currently own. The bonus shares will be distributed to shareholders by means of a custody account credit. No action is required on the part of shareholders. The new shares are considered as participating shares starting from the beginning of the current fiscal year, 2021.
The purpose of this move is to improve tradability of the securities on the stock market and to make it easier for a broader investing public to purchase shares initially or expand their current shareholdings.
Press Release