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Dr. Hans-Ulrich Engel to join BASF Board of Executive Directors
04 Mar '08
3 min read
“Our new colleague will be an excellent addition to the Board team,” said Dr. Jürgen Hambrecht, Chairman of the Board of Executive Directors, following the meeting of the Supervisory Board.
Strube thanks global BASF team for its outstanding performance
During the meeting, Supervisory Board Chairman Dr. Jürgen F. Strube paid tribute to the performance of the company's employees and the success achieved by BASF in 2007: “On behalf of the Supervisory Board, I would like to thank all the members of BASF's global team, the company's management and the retiring members of the Board of Executive Directors and Supervisory Board for the outstanding results they have achieved.”
Stock split to be conducted within three months of the Annual Meeting
Following a 1:2 stock split by re-division of the share capital, shareholders would receive one additional share for each BASF SE share held without an additional payment. Shares held in the form of American Depositary Receipts in the United States would also be adjusted accordingly.
If the proposal is approved by the Annual Meeting, the stock split should be performed within three months following the Meeting. The goal of the stock split is to make BASF shares available to an even broader spectrum of investors. In addition, it reflects the confidence of the Board of Executives that BASF's earnings-oriented growth will continue to be the basis for the positive development of the company's stock.
Strube thanks global BASF team for its outstanding performance
During the meeting, Supervisory Board Chairman Dr. Jürgen F. Strube paid tribute to the performance of the company's employees and the success achieved by BASF in 2007: “On behalf of the Supervisory Board, I would like to thank all the members of BASF's global team, the company's management and the retiring members of the Board of Executive Directors and Supervisory Board for the outstanding results they have achieved.”
Stock split to be conducted within three months of the Annual Meeting
Following a 1:2 stock split by re-division of the share capital, shareholders would receive one additional share for each BASF SE share held without an additional payment. Shares held in the form of American Depositary Receipts in the United States would also be adjusted accordingly.
If the proposal is approved by the Annual Meeting, the stock split should be performed within three months following the Meeting. The goal of the stock split is to make BASF shares available to an even broader spectrum of investors. In addition, it reflects the confidence of the Board of Executives that BASF's earnings-oriented growth will continue to be the basis for the positive development of the company's stock.
BASF SE
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