KLÖCKNER & CO - ADMISSION TO THE SDAX INDEX OF THE DEUTSCHE BÖRSE
The international distribution company Klöckner & Co will be admitted to the SDAX index of the Deutsche Börse (German Stock Exchange) in Frankfurt am Main as of September 18, 2006, following a regular revaluation of the share indexes. Dr. Thomas Ludwig, Chairman of the Board of Management of Klöckner & Co AG, welcomed the decision. "We are pleased that the positive performance of our share has been confirmed by its admission to the index. Our share will become even more attractive as a result“.
In the latest stock market ranking used for preparing the index, the Klöckner & Co share, with a free float of some 35 per cent, achieved place 117 in terms of its market capitalization and place 83 in terms of its order book turnover. This good positioning prompted the promotion of the Klöckner & Co share into the SDAX index of the Frankfurt Stock Exchange.
Klöckner & Co AG launched its IPO on June 28, 2006. The issue price of the Klöckner & Co share was 16.00 euros. On September 5, 2006, the share price closed at 18.83 euros (Xetra) at the end of the day’s trading.