Sportswear conglomerate adidas AG has announced that the share split approved by the Annual General Meeting on May 11th 2006 will become effective on June 6th 2006.
The adidas AG share is currently among the nominally highest valued shares in the DAX-30. The share split is intended to enhance the liquidity of the share especially among private investors.
"This share split will ensure that consumers who use and enjoy our products every day are able to invest even more easily in our company", said Herbert Hainer, Chairman and CEO of adidas AG.
On June 6th 2006, prior to market opening, each existing share will be divided into four adidas AG shares. The registered nominal capital of the adidas AG amounting to 203,268,220 will be divided into 203,268,220 no-par-value bearer shares. As no new shares were issued, there will be no dilutive effect.
The adidas Group is one of the global leaders in the sporting goods industry offering a wide range of products around the three core segments adidas, Reebok and TaylorMade-adidas Golf. Headquartered in Herzogenaurach, Germany, the Group has approximately 25,000 employees worldwide and generates sales of about 9.5 billion.
adidas AG
