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8 July 2013

Siemens spin-off Osram goes public, becoming an independent firm

The spin-off of Osram Licht AG from parent firm Siemens AG of Munich, Germany is now effective (as of 5 July) with its final entry into the Commercial Register, making Osram an officially independent firm. With this move, the world’s largest pure-play lighting company is going public. Osram says that, as an integrated lighting firm, it offers the entire spectrum from LED chip to lamp, luminaire and all the way to complex lighting solutions.

The spin-off is made on the basis of the Spin-Off and Acquisition Agreement of 28 November 2012, (authorized by the general meetings of Siemens on 23 January 2013 and of Osram Licht AG on 21 January 2013). Now, all shares of Osram Licht have been admitted to the regulated market of the Frankfurt and Munich Stock Exchanges, as well as to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange. Trading of Osram Licht shares commence on 8 July, under the ticker symbol OSR (WKN: LED400; ISIN: DE000LED4000). Osram Licht’s overall capital stock is divided into more than 100 million shares, of which 80% are allotted to existing Siemens shareholders at a ratio of 10:1 (i.e. the given shareholder will receive one new Osram share for every ten Siemens shares).

Osram says that it generates more than 70% of its revenue via energy-efficient products, with LED-based products already accounting for more than 25% of its overall revenue.

See related items:

Siemens to spin off 80.5% of Osram

Tags: Siemens Osram



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