KLÖCKNER & CO - ADMISSION TO THE MDAX INDEX OF THE DEUTSCHE BÖRSE
The international distribution company Klöckner & Co, which has been included in the SDAX index since September 18, 2006, will be admitted to the MDAX index of the Deutsche Börse (German Stock Exchange) in Frankfurt am Main outside of the regular testing schedule on January 29, 2007. Dr. Thomas Ludwig, Chairman of the Board of Management of Klöckner & Co AG, welcomed the decision. “The admission of the Klöckner & Co share to the MDAX index confirms the extremely positive performance of our company in recent months. We are pleased that the good performance of our share has been confirmed by its admission to the index, making the share even more attractive as a result. The admission to the MDAX was undoubtedly accelerated by the increase in the freefloat of the Klöckner & Co share to 84.5 per cent.”
The freefloat of the Klöckner & Co share increased from some 55 per cent to 84.5 per cent on January 24, 2007, following the release of some 29.7 per cent of the holdings of principal shareholder Lindsay Goldberg & Bessemer (LGB) onto the free market. LGB now holds around 15.5 per cent of the company’s share capital.
Since Klöckner & Co AG launched its IPO on June 28, 2006, the share price (issue price € 16.00) has more than doubled. On January 24, 2007, the share price closed at € 34.12 (Xetra) at the end of the day’s trading. In 2006 the company reported sales of some € 5.5 billion.