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Osram Cuts Ties With Siemens

Going public on the stock exchange, trading of Osram Licht AG shares will commence on July 8th, 2013, under the ticker symbol “OSR”
The spin-off of Osram Licht AG from Siemens is effective as of today with the final entry in the Commercial Register.


The giant pure-play lighting company is going public on the stock exchange with this move.


The spin-off is made on the basis of the Spin-Off and Acquisition Agreement of November 28th, 2012, authorised by the general meetings of Siemens on January 23rd, 2013 and of Osram Licht AG on January 21st, 2013.


Before the day is over, all shares of Osram Licht AG are to be 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 AG shares will commence on July 8th, 2013, under the ticker symbol “OSR" (WKN: LED400; ISIN: DE000LED4000). The overall capital stock of Osram Licht AG is divided into more than 100 million shares. A good 80 percent of these will today be allotted to the current Siemens shareholders at a ratio of 10:1; that is, the given shareholder will receive one new Osram share for every ten Siemens shares.


Osram offers the entire spectrum from LED chip to lamp, luminaires up to complex lighting solutions. The firm specialises in integrated lighting and generates more than 70 percent of its revenue with energy-efficient products. LED-based products today already account for more than 25 percent of Osram's overall revenue.




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