RCS - KSB SE & Co. KGaA - KSB share moves up to the SDAX

KSB SE & Co KgaAAnnouncement

06/12/2023 14:45

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RNS Number : 9120V  KSB SE & Co. KGaA  06 December 2023

 KSB SE & Co. KGaA / Key word(s): Miscellaneous

KSB: KSB share moves up to the SDAX

06.12.2023 / 13:54 CET/CEST

The issuer is solely responsible for the content of this announcement.

 

 KSB share moves up to the SDAX

 FRANKENTHAL: The preference share of the Frankenthal-based pump and valve
 manufacturer will be included in the German share index SDAX from 18 December
 2023. The decisive criterion for promotion is the market capitalisation of
 KSB's freely tradable preference shares. In total, the market capitalisation
 of all preference and ordinary shares now amounts to around one billion euros.

 Dr Stephan Timmermann, CEO, is delighted: "The inclusion in the SDAX reflects
 KSB's outstanding development. It will undoubtedly further strengthen the
 company's brand, visibility and positioning in the market environment."

 Around 20 per cent of the preference shares are held by the KSB Foundation via
 Johannes und Jacob Klein GmbH. The remaining preference shares have been
 traded on the stock exchange since 1895. The price of KSB preference shares
 has almost tripled in the last three years.

 The German share index for so-called small caps comprises the 70 largest
 companies below the MDAX stocks in terms of market capitalisation and stock
 exchange turnover. The companies listed in the SDAX are representative of the
 traditional sectors in Germany.

 KSB is a leading international manufacturer of pumps and valves. The
 Frankenthal-based Group has a presence on five continents with its own sales
 and marketing organisations, manufacturing facilities and service operations.
 With a workforce of around 15,700, the KSB Group generated sales revenue of
 € 2.6 billion in 2022.

06.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News
 - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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 Financial/Corporate News and Press Releases.
 Archive at www.eqs-news.com

 Language:     English
 Company:      KSB SE & Co. KGaA
               Johann-Klein-Strasse 9
               67227 Frankenthal
               Germany
 Phone:        +49 6233 86-2020
 Fax:          +49 6233 86-3435
 Internet:     www.ksb.com
 ISIN:         DE0006292030
 WKN:          629203
 Listed:       Regulated Market in Dusseldorf, Frankfurt (General Standard); Regulated
               Unofficial Market in Berlin, Hamburg, Munich, Stuttgart, Tradegate Exchange
 EQS News ID:  1790835

 

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