Dürr plans to issue bonus shares

Dürr AG - WKN 556520 / ISIN DE0005565204

Bietigheim-Bissingen, March 21, 2018 – Dürr AG is proposing to its shareholders to issue bonus shares in a ratio of 1:1. This measure is intended to enhance the liquidity of Dürr stock and make it even more attractive to investors. The proposed resolution will be submitted at the annual general meeting on May 9, 2018. Under this proposal, the company's capital stock, currently € 88.6 million, is to be doubled to € 177.2 million by way of a capital increase from company funds. In this process, capital reserves are to be converted into subscribed capital. The level of equity totaling € 903.7 million (as at December 31, 2017) will remain unchanged.

As a result of this measure, all shareholders will have the same number of shares they hold additionally credited to their securities accounts. This will not affect the participation ratio of each shareholder. The new shares are entitled to a dividend with retrospective effect as of January 1, 2018.

The Dürr Group is one of the world's leading mechanical and plant engineering firms with outstanding automation expertise. Products, systems and services offered by the Group enable highly efficient manufacturing processes in different industries. Dürr supplies not only the automotive industry but also other sectors such as the mechanical engineering, chemical and pharmaceutical industries, and – since the takeover of HOMAG Group AG in October 2014 – the woodworking industry. Dürr has 92 business locations in 31 countries. With 15,000 employees, the Group generated sales of € 3.57 billion in 2016. The Group operates in the market via five divisions:

  • Paint and Final Assembly Systems: Paint shops and final assembly systems for the automotive industry
  • Application Technology: Robot technology for the automated application of paint, sealants and adhesives
  • Measuring and Process Systems: Balancing and cleaning equipment as well as assembly, testing and filling technology
  • Clean Technology Systems: Exhaust-air purification systems and energy efficiency technology
  • Woodworking Machinery and Systems: Machinery and equipment for the wood-processing industry