Endor AG: Implementation of the Share Split on October 14, 2021
Landshut, October 12, 2021 – The share split of Endor AG, under which shareholders will receive seven additional shares for each share held without additional payment, will be
implemented by the accompanying bank and Clearstream with effect and value date on October 14, 2021.
At present, the Endor AG share is partly only tradable to a limited extent, because there were isolated differences in the timing between different custodian banks when the additional shares with a value date of October 14, 2021 were booked. The Endor share will be fully tradable again by October 14 at the latest.
The Annual General Meeting of Endor AG had resolved a capital increase from own funds in the amount of 13.6 million euros. Accordingly, the share capital has now been increased from the previous 1.9 million euros to 15.5 million euros. In the share split, shareholders will receive seven additional shares for each share held, without additional payment. One of the main aims of the stock split is to increase liquidity through the higher number of shares then in circulation.
About Endor AG www.endor.ag
Endor AG develops and markets high-quality input devices such as high-end steering wheels and pedals for racing simulations on game consoles and PCs as well as driving school simulators. As a “brain factory”, the company’s focus is on the creative sector. Endor carries out product development and prototype construction under its own direction and together with specialized technology partners, primarily in Germany (“German engineering”). The products are mainly produced in Asia.
Endor sells its products under the FANATEC brand via e-commerce primarily to end customers in Europe, USA, Canada, Australia and Japan. Endor also sells driving school simulators in cooperation with Vogel Verlag. Endor AG, headquartered in Landshut, was founded in 1997 and currently employs 165 people. Within the group, 206 people work for Endor worldwide, including freelancers. In 2020, the company generated a consolidated turnover of 90 million euros according to preliminary figures.
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