Brief: BMW Converts Preferred Shares Into Ordinary Shares
BRIEF-BMW Converts Preferred Shares Into Ordinary Shares June 30 (Reuters) - BAYERISCHE MOTOREN WERKE AG BMWG.DE:
CONVERTS PREFERRED SHARES INTO ORDINARY SHARES
ALL NON-VOTING PREFERRED SHARES OF BMW AG WILL BE CONVERTED INTO VOTING ORDINARY SHARES AT A RATIO OF 1:1
AMENDMENT HAS BECOME EFFECTIVE UPON ITS ENTRY IN COMMERCIAL REGISTER TODAY
CUSTODIAL AND STOCK EXCHANGE CONVERSION OF FORMER PREFERRED SHARES WILL TAKE PLACE AUTOMATICALLY
TO CONVERT NEARLY 55 MILLION PREFERRED SHARES INTO VOTING ORDINARY SHARES
STOCK EXCHANGE CONVERSION OF FORMER PREFERRED SHARES WILL TAKE PLACE BETWEEN JULY 1 AND JULY 3, 2026
CONVERSION INCREASES FREE FLOAT OF BMW AG ORDINARY SHARES BY APPROXIMATELY 19%
SHARE CAPITAL OF BMW AG, AMOUNTING TO APPROXIMATELY EUR 616 MILLION, WILL THEN CONSIST EXCLUSIVELY OF ORDINARY SHARES
Further company coverage: BMWG.DE
(Gdansk Newsroom)
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Brief: BMW Converts Preferred Shares Into Ordinary Shares
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