News
Wincor increases capital via share issuance
March 14, 2007
PADERBORN, Germany - Wincor Nixdorf AG March 22 expects to implement a capital increase approved by company shareholders Jan.29.
According to a news release, the capital increase will be reached through a doubling of the company's number of shares. The board also passed a resolution for the repurchase of equity instruments to service share-based payment programs. The capital increase aims to reduce share price to an investor-friendly level, thus making Wincor shares more tradeable.
Following the issuance of new shares, Wincor's share capital has risen from €16.5 million (U.S. $21.9 million) to €33,084,988 (U.S. $43.8 million). Correspondingly, 16,542,494 bonus shares are expected to be issued.
The company's board also approved a share repurchase of up to 185,000 units.
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