Heidelberg 125th anniversary of stock exchange listing

Heidelberg 125th anniversary of stock exchange listing
Published: 30 April 2014

Tagged Under: Germany HeidelbergCement 

Left: Dr. Bernd Scheifele, Chairman of the Managing Board,

HeidelbergCement AG right: Hauke Stars,

member of the Managing Board,

Deutsche Börse AG Source: HeidelbergCement

On the 125th anniversary of HeidelbergCement’s listing on the stock exchange, Dr Bernd Scheifele, Chairman of the Managing Board, started the floor trading at the Frankfurt Stock Exchange on 30 April 2014 by ringing the opening bell. 

Mrs Hauke Stars, Member of the Managing Board of Deutsche Börse AG, employees of the Investor Relations and Treasury departments of HeidelbergCement as well as members of the press were invited by Deutsche Börse AG to participate at the ceremony.

“We are very pleased and proud to celebrate today the 125th anniversary of HeidelbergCement’s stock exchange listing,” says Dr Scheifele. “HeidelbergCement is one of the oldest publicly listed industrial companies in Germany. This jubilee is the clear proof of the company’s business strategy of sustainable and long-term growth. HeidelbergCement’s listing at the stock exchange has contributed significantly to the development of the company from a local cement producer in southern Germany to one of the world’s leading building materials producers during many decades.”

Dr Scheifele starts the floor trading at the

Frankfurt Stock Exchange

Source: Deutsche Börse

After the death of the company founder Johann Philipp Schifferdecker in 1887, his heirs decided to transform the company into a public limited company. The entry in the Commercial Register took place on 21 March 1889 under the name of “Portlandcementwerk Heidelberg vormals Schifferdecker & Söhne Actiengesellschaft”. The share capital was split into 5,500 bearer shares with a nominal value of 1000 Mark each. Shortly thereafter, 2,500 of these shares were placed on the market. Subscription started on 2 April 1889 and the allocation took place from 15 April to 30 April with a subscription price of 152.5 per cent.

Today, HeidelbergCement‘s share capital amounts to around EUR563.75m split into around 187.9m shares. The HeidelbergCement shares are admitted to trading on the regulated markets of the Frankfurt am Main (Prime Standard), Munich, Stuttgart, and Düsseldorf stock exchanges. In addition, the shares are traded on the over-the-counter market of the stock exchanges Berlin, Hamburg, and Hannover. Since June 2010, HeidelbergCement has been included in the German Stock Exchange's benchmark index DAX 30 – as the first building materials company.