DGAP-News: zooplus AG plans share split
(firmenpresse) - DGAP-News: zooplus AG / Key word(s): Corporate Action
zooplus AG plans share split
22.03.2011 / 17:41
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- Decision to be taken at May 2011 AGM
- Ad hoc disclosure on share split published today
Munich, March 22, 2011 - zooplus AG (German Securities Code (WKN) 5111702,
stock exchange symbol ZO1), Europe's leading Internet retailer for pet
products, today announced in an ad hoc disclosure that a proposal is
planned to be made to the General Meeting on May 26, 2011 to increase the
share capital from internal company funds. The number of shares would
triple as a result, each shareholder would receive two new issued shares
for each existing share after the capital increase is concluded. The
proportionate shareholdings before and after the transaction will remain
unchanged. This will take place automatically on a date still to be set
after the General Meeting, and without any costs for the shareholders.
Florian Seubert, CFO of zooplus AG, explains the planned capital measure:
'Since zooplus AG's shares were listed for the first time in the spring of
2008, the company's capital markets presence has grown, step by step - from
the Entry Standard to the Prime Standard on the Frankfurt Stock Exchange.
Our proposed share split is a further rung up the ladder of our capital
markets history. Our aim is to make our shares even more attractive -
especially for retail investors who want to invest in smaller amounts. On
the whole, this step aims to bring us an even greater diversification in
our shareholder base by offering a lighter looking share.' He adds: 'We
also have high ambitions on the operating side. We want to consistently
further expand our market leadership and by the end of 2014 achieve a total
sales run rate of at least EUR 500 million p.a. We will provide greater
detail in regard of this forecast as part of the presentation of our annual
report 2010 at the end of March 2011.'
Company profile
zooplus was founded in 1999 and has become Europe's leading online retailer
for pet products, measured by sales and other income. In 2010 total sales
amounted to EUR 193 mm and, therefore, has increased fivefold during the
last 5 years. The company's profitable business model has already been
introduced successfully in 18 countries. zooplus offers products for all
pet varieties. Its product range comprises foods (dry and wet pet foods,
pet food supplements such as chewing bones and snacks) as well as pet
accessories (such as cat trees and toys) over a wide range of categories.
In addition to a broad selection of over 7,000 products zooplus customers
benefit from online veterinary consultations as well as a number of other
interactive features. Pet products represent a significant market segment
of the European consumer retail space. Overall revenues from pet food and
accessories amounted to EUR 19 billion within the European Union in 2010
alone. Based on the growing trend towards humanisation of pets in western
industrialised countries, pet owners are adapting their purchasing behavior
in favour of health, wellness and other premium products. In addition,
European eCommerce is expected to enjoy sustained, strong growth in the
years to come. zooplus expects a continuation of the company's dynamic
growth in tune with continuously positive earnings.
Online: http://investors.zooplus.com/en/welcome/
Contact Investor Relations:
cometis AG
DominicGroßmann
Tel.: +49 (0)611-205855-15
Fax: +49 (0)611-205855-66
E-mail: grossmann(at)cometis.de
End of Corporate News
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22.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: zooplus AG
Sonnenstraße 15
80331 München
Deutschland
Phone: +49 (0)89 95 006 - 100
Fax: +49 (0)89 95 006 - 500
E-mail: contact(at)zooplus.com
Internet: www.zooplus.de
ISIN: DE0005111702
WKN: 511170
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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116489 22.03.2011
Datum: 22.03.2011 - 17:41 Uhr
Sprache: Deutsch
News-ID 33540
Anzahl Zeichen: 0
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Kategorie:
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