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About the Share
Dividend payment for 2006
The Management Board of BÖHLER-UDDEHOLM AG has recommend that the Annual General Meeting on 8 May 2007 approved an increase of 9% in the dividend from 95,625,000.00 € to 104,550,000.00 €. Following an increase in the number of shares to 51,000,000 following the 1:4 stock split in 2006, this will reflect a dividend of 2.05 € per share. In the previous year – and before the stock split – the dividend equaled 7.50 € per share (for 12,750,000 shares).
The dividend for the 2006 Business Year represents a payout ratio of 42.6% and – based on the closing price for 2006 – a dividend yield of 3.9%. This highest dividend payment since the initial public offering of BÖHLER-UDDEHOLM in 1995 again underscores the Group’s shareholder-friendly dividend policy.
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The BÖHLER-UDDEHOLM share 2006
| ISIN Code: |
AT0000903851 |
| Type of stock: |
Bearer shares of common stock |
| Share capital: |
102,000,000 € divided in
51,000,000 shares |
| Share capital per share: |
2.00 € |
| Free float: |
79.05% |
| First traded on: |
10 April 1995,
Vienna Stock Exchange |
| Capital increase: |
8 June 2005 |
| Stock split (1:4): |
8 June 2006 |
| On-exchange trading volume in 2006: |
4,044.7 m€ |
| Shares traded in 2006: |
57,114,904 |
| Average shares traded per day: |
232,174 |
| ATX weighting: |
4.1% |
The on-exchange trading volume of the Company’s shares equaled 4,044.7 m€ and the off-exchange (OTC) volume reached 1,202.8 m€, for a combined turnover of 5,247.5 m€ in 2006. BÖHLER-UDDEHOLM continues to maintain its position as one of the ten most heavily traded stocks on the Vienna Exchange.
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Stock market information
- ADR Symbol: BDHHY
- ÖTOB Symbol: BUD
- Bloomberg: BOEH AV
- Bridge: AT; BUD
- DOW Jones: R.BUD
- Reuters: BHLR.VI
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IPO, SPO, Capital Increase
In March 1995 the former state owned company was partly privatized (27.3%) through an initial public offering of 3 million new shares. The offering price was 39.97 €. In March 1996, 5.25 million BÖHLER-UDDEHOLM shares was offered to the public by way of a secondary offering. The price was set at 57.05 € per ordinary share. The secondary public offering completed the privatization of the majority of BÖHLER-UDDEHOLM's shares. Around 60% of the shares offered were placed abroad and around 40% in Austria. 75% of the ordinary shares of BÖHLER-UDDEHOLM AG are free floating.
The share holder structure of BÖHLER-UDDEHOLM AG was enhanced in 2001 by the entry of a private Austrian financial investor group. This group is comprised of the investment company BU-Industrieholding GmbH, which is backed by Austrian entrepreneurs and industrialist families, and holds 25.6% of BÖHLER-UDDEHOLM AG share capital.
In November 2003, the Austrian State Holding Company (ÖIAG) sold its remaining 25% stake in BÖHLER-UDDEHOLM AG through a secondary public offering over the stock exchange. On 25 November 2003 BÖHLER-UDDEHOLM AG became a fully privatized company.
The offering for 2,750,000 shares of BÖHLER-UDDEHOLM stock from the ÖIAG portfolio was oversubscribed nearly four times, with total demand reaching 10,539,892 shares. This placement was directed primarily toward institutional investors in Austria and other countries, but also to retail investors in Austria. The price per share was set at 48.50 €, which corresponded to a discount of 3.3% from the closing price of the BÖHLER-UDDEHOLM share on the pricing date (20 November 2003).
During May/June 2005, BÖHLER-UDDEHOLM AG placed an capital increase and offered old shares at the same time. The offering of 2,201,900 common bearer shares consisted of 1,750,000 new shares from the capital increase and 451,900 share of the Company´s treasury stock. In addition, BU-Industrieholding GmbH granted a greenshoe of 150,000 shares. The total value of the transactiom amounted to 235.19 m€ (incl. greenshoe).
The offering was oversubscribed almost two times, the transaction was closed successfully on 8 June 2005. Thus the share capital of BOHLER-UDDEHOLM AG increased to 12.75 million shares.
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