Weng Fine Art AG to Issue Bonus Shares; Increases Capital
Weng Fine Art AG (WFA) announced that following the approval of the resolution at the shareholders' meeting (AGM) on September 24, 2012, the Company will give bonus shares to its shareholders. The distribution will be made on November 1, after the close of the stock exchange in the ratio of 4:1. For each WFA share held on this day, investors will receive an additional four shares, which will be automatically posted and tradable from November 2, 2012. This share split does not however have an impact on the market capitalization of the Company. The basis for issuing bonus shares is the capital increase out of retained earnings, adopted at the AGM and listed in the Commercial Register on October 10, 2012, through which the share capital of the Company will be increased from EUR 550,000.00 to EUR 2,750,000.00. The number of issued shares will also increase to 2.75 million.
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