Stock Float of Heidelberg to Reach Over 20%, Moves Company Closer to Joining the DAX
Press release from the issuing company
4/3/01 - RWE AG is to sell up to 6.15 percent of its 56.15 percent holding in Heidelberger Druckmaschinen AG (Heidelberg) on the capital market. This will increase Heidelberg's free float to well in excess of 20 percent.
The company welcomes this decision: "The increase in the free float is the first fruit of the joint efforts of Heidelberg and its major shareholders to substantially increase the share of capital freely traded on the market. This puts Heidelberg well on the way to becoming a candidate for DAX", states Bernhard Schreier, Chairman of the Management Board of Heidelberger Druckmaschinen AG.
"We will continue our efforts to satisfy the formal requirements necessary for Heidelberg to move up into Germany's most important index."
CFO Dr. Herbert Meyer sees the move "as a further important step towards giving Heidelberg a free float that corresponds to its global market position and the company's market capitalization."
Heidelberger Druckmaschinen AG shares are traded on the Dow JONES STOXX, Dow JONES EURO STOXX, CDAX, CDAX Mechanical Engineering and MDAX.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.