Stock market milestones


Adolf Ahlers GmbH, a private limited company, is re-incorporated as a joint-stock company. The first Annual Shareholders’ Meeting on April 9 resolved to raise the share capital by DM 5 million to DM 30 million.

A consortium of banks led by Commerzbank AG underwrites the shares which are offered for subscription between May 22 and May 26. The issue price of the DM 50 shares is set at DM 300 and the offering is several times oversubscribed within a very short time.

Trading in Düsseldorf and Frankfurt commences on June 3 and the first official price was recorded at DM 320.

1997Capital increase by DM 10 million to DM 60 million

Listing in official trading


Inclusion in SMAX and SDAX indexes

Capital increase by DM 12 million to DM 72 million

2000Capital increase from capital reserve to EUR 43 million

2001Voluntary delisting from the SMAX segment/index

Inclusion in the Prime Standard segment of the German stock exchange

Repurchase of almost 5 percent of the common shares and preferred shares


Redemption of the acquired own shares in a simplified procedure without capital reduction by adjusting the imputed pro-rata amount of the other shares in the Company's share capital.

Conversion of the bearer shares into registered shares, conversion of the preferred shares into common shares, conversion of the registered common shares with transfer restrictions into common shares without transfer restrictions.

Since July 2, 2018, the share capital of Ahlers AG in the amount of EUR 43.2 million has been divided into 13,681,520 no-par value registered ordinary shares.