ERJ staff report (DS)
Dettingen / Erms, Germany -- The 1:3 stock split agreed at the recent Annual General Meeting of ElringKlinger AG, will be implemented on July 4, 2008, after the close of the stock exchange. The initial "ex-split" listing of the new shares is to take place on July 7, 2008.
The stock split will have no effect on the company's ownership structures or equity. Therefore, as of July 7, 2008, ElringKlinger's share price is expected to adjust downwards to approximately one-third of its pre-split price.
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Pres release from ElringKlinger