Press Information
Extraordinary shareholders' meeting approves resolutions on share split and on authorized and conditional capital
Friday, 10. December 2010
The extraordinary shareholders' meeting of Lenzing AG today unanimously resolved upon a seven-for-one share split.
Furthermore, the shareholders with 99,9 % of the vote resolved upon the creation of authorized capital to issue new shares against cash or contribution in kind, as well as the creation of conditional capital to issue convertible bonds, both with the authorization for the management board to exclude shareholders' subscription rights under certain conditions with the approval of the supervisory board.
The share split fulfills the long-standing request to facilitate trading in the Lenzing share. The resolutions concerning authorized and conditional capital provide Lenzing AG with a high degree of flexibility to support the future growth of the company.
For more information please contact:
Angelika Guldt
Head of Corporate Communications
Phone: +43 (0) 7672 701-2713
E-mail: a.guldt@lenzing.com
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