Sauer-Danfoss Inc.
Sauer-Danfoss Inc. applies for delisting from Frankfurt Stock Exchange
Ad hoc announcement §15 WpHG
Strategische Unternehmensentscheidung
Sauer-Danfoss Inc. applies for delisting from Frankfurt Stock Exchange
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————
Sauer-Danfoss Inc. applies for delisting from Frankfurt Stock Exchange; will
remain listed on New York Stock Exchange
CHICAGO, Illinois, USA, September 19, 2005 – Sauer-Danfoss Inc., listed on the
NYSE and Frankfurt’s prime standard exchange (NYSE: SHS; FSE: SAR), today
announced that it is seeking approval from the Frankfurt Stock Exchange to
delist its shares while maintaining its primary listing in New York. The
company’s analysis of its share trading volumes at the exchanges in New York
and Germany has indicated that the large majority of its share trades are
being handled at the New York Stock Exchange.
Based on this analysis and the considerable higher expenses of maintaining a
dual listing, Sauer-Danfoss has concluded that the costs of the German listing
considerably outweigh the benefits of maintaining an additional point of
access to the capital markets. These costs also pertain to the increasing
amount of effort necessary to maintain compliance with the different
requirements of US and German regulations. An application to delist will be
presented to the Deutsche Börse AG shortly. Upon approval, final delisting is
expected around the end of the calendar year 2005. The Company remains firmly
committed to its European shareholders and will continue to hold meetings
with investors in Frankfurt and London on an annual basis. European investors
will continue to be supported by the Investor Relations contact in
Neumünster, Germany.
Sauer-Danfoss Inc.
Krokamp 35
24539 Neumünster
Deutschland
ISIN: US8041371076
WKN: 880208
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, München und Stuttgart
End of ad hoc announcement (c)DGAP 19.09.2005
Issuer’s information/explanatory remarks concerning this ad hoc announcement:
Sauer-Danfoss Inc. is a worldwide leader in the design, manufacture, and sale
of engineered hydraulic and electronic systems and components, for use
primarily in applications of mobile equipment. Sauer-Danfoss, with
approximately 8,500 employees worldwide and revenue of more than $1.5 billion,
has sales, manufacturing, and engineering capabilities in Europe, the
Americas, and the Asia-Pacific region. The Company’s executive offices are
located near Chicago in Lincolnshire, Illinois. More details online at
www.sauer-danfoss.com.
Further Information: Sauer-Danfoss Inc. – Investor Relations
John N. Langrick, Director of Finance Europe, Sauer-Danfoss Inc., Tel.: +49
4321-871-190, Fax: +49 4321-871-121, Krokamp 35, D-24539 Neumünster,
jlangrick@sauer-danfoss.com
Linda Völpel, Investor Relations Specialist, Sauer-Danfoss Inc., Tel.: +49
4321-871-560, Fax: +49 4321-990-581, Krokamp 35, D-24539 Neumünster,
lvoelpel@sauer-danfoss.com
Christof Kaplanek, Public Relations, HOSCHKE & CONSORTEN, Tel.: +49 40-369050-
38, Fax: +49 40-369050-10, Deichstr. 29, D-20459 Hamburg,
c.kaplanek@hoschke.de
End of message (c)DGAP
192305 Sep 05
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