Shares of AlzChem Group AG are now listed under new ISIN and WKN
Trostberg, July 1 2019 – At the last Annual General Meeting on May 14, 2019, the shareholders of AlzChem Group AG resolved, among other things, to consolidate the issued shares at a ratio of 10 to 1. With this measure, the number of shares will be adjusted to a ratio commensurate with the size and value of the company and the stock exchange price per share will thereby be increased to a level customary on the capital market. With the entry of the AGM resolutions in the commercial register, the number of shares will now be reduced from 101,763,350 to 10,176,335. In this connection, the AlzChem shares were allocated the new ISIN DE000A2YNT30, the new WKN A2Y NT3 and the new stock exchange code ACT, under which the securities are listed from now on.
Andreas Niedermaier, CEO of AlzChem Group AG: “The desire for this so-called reverse split was brought to us by shareholders in order to express the high value of our company and the name recognition also in a higher share price. The shareholders‘ vote on this proposal was unanimous. We are therefore all the more pleased that we have now been able to finally implement the measure so quickly and that the shareholders will hold the shares with the new securities identification number in their deposit accounts from now on. Through our pleasing operative development, the high level of transparency in capital market communication and in cooperation with our designated sponsor Baader Bank, we will continue to support the tradability and thus the trading volume.“
The AlzChem Group is a vertically integrated manufacturer of various chemical products based on the NCN chain. These are products with typical nitrogen-carbon-nitrogen bonding that are used in a wide variety of different industries. The company has a leading position in select niche markets. The strategic focus of growth and the main focus of its extensive research and development are on the business segment Specialty Chemicals. The company has around 1,560 employees at four sites in Germany and three other sites abroad.