Schaeffler: Extraordinary General Meeting Approves Authorized Capital of up to 200 Million Shares

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Authorized capital for up to 200 million new shares with a term of five years / Authorization allows for capital increases with subscription rights for existing shareholders / Measure to strengthen the Schaeffler Group’s capital base with the objective of utilizing growth opportunities and driving forward the company’s transformation

During the extraordinary general meeting, the global automotive and industrial supplier Schaeffler today approved the creation of authorized capital of up to 200 million shares. This authorization only permits the issue of common non-voting shares and its term is set to end on August 31, 2025. It can be used once or in installments during this period. Schaeffler AG sees the creation of this authorized capital as a purely anticipatory... ... More: Official Press Release Schaeffler AG

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Schaeffler, share, authorized capital, extraordinary general meeting, capital, growth opportunities