GEA Group Aktiengesellschaft has met the last conditions of the settlement relating to the award proceedings dated January 2012 by issuing the last of three tranches of shares on December 3, 2012.
In total, approximately 8.7 million new shares have been issued in this connection with dividend rights already starting in fiscal year 2012. The third tranche comprised 4.6 million shares. The dilution as a consequence of the award proceedings therefore remained limited to 4.5 percent, with the last tranche accounting for 2.4 percentage points.
“We are pleased that the proceedings that began in 1999 have now been wrapped up with the issue of the last tranche of shares”, said Jürg Oleas, CEO of GEA Group Aktiengesellschaft.
The background to the award proceedings is described in greater detail in GEA Group’s annual report for fiscal year 2011. The subscribed capital of GEA Group Aktiengesellschaft now amounts to EUR 520.4 million and is composed of 192,495,476 no-par value bearer shares.