By resolution of the general meeting on Thursday, the stock split, in which 10 new shares will replace each old share, will be preceded by a capital increase from retained earnings. Deutsche Börse is thus increasing the existing share capital of 26.3 million euros from retained earnings by 76.5 million euros to 102.8 million euros. After this capital increase and the stock split, each share will represent one euro of the company’s registered share capital. The reclassification of the share capital will probably take place, technically speaking, at the end of May, after the company has been registered in the German Commercial Register.
From the unappropriated profit of 41.8 million euros for the year 2000, Deutsche Börse will disburse 3 euros per share as a dividend in relation to the shareholdings of 10,276,000 units. The remaining amount of 11 million euros will be transferred to the retained earnings. All shares, including the new shares from the capital increase within the framework of the initial public offering on February 5 this year, are entitled to receive a dividend.
The shareholders also approved the increase in the existing authorised capital with regard to the increased share capital in the framework of the IPO and the capital increase from retained earnings. This will increase the authorised capital I by 33.6 million euros, from 7.5 million euros to 41.1 million euros, in accordance with the authorisation by the general meeting on January 18, and the existing authorised capital II by 8.4 million euros, from 1.9 million euros to 10.3 million euros. After this increase, the authorised capital as a whole will again amount to 50 percent of the overall share capital. The Executive Board is authorised to use the approved capital by the end of 2005 by issuing new registered shares, with the Supervisory Board’s approval.
