Business Context and Reporting Period
This Form 6-K filing by Fresenius Medical Care AG & Co. KGaA covers the month of July 2013. The report details the completion of a corporate action involving the conversion of the Company's outstanding preference shares into ordinary shares, a move authorized by shareholders on May 16, 2013.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on the administrative and legal finalization of the share conversion rather than financial performance.
Material Changes
- Share Conversion: On June 28, 2013, the conversion of preference shares to ordinary shares was registered at the Commercial Register in Hof, Germany.
- Trading Discontinuation: Listing of preference shares on the Frankfurt Stock Exchange was discontinued as of the end of the trading session on June 28, 2013. Since July 1, 2013, only ordinary shares are deliverable via the exchange.
- ADS Removal: Trading in American Depositary Shares (ADS) representing preference shares ceased on June 28, 2013. The New York Stock Exchange filed a Form 25 Notice of Removal From Listing for these ADSs on July 1, 2013.
- Re-booking: Custodian banks re-booked securities account positions in a 1:1 ratio, crediting one ordinary share for each preference share held.
Outlook and Management Commentary
The filing contains no financial guidance, outlook, or management commentary regarding future business performance. The primary focus is the procedural execution of the share conversion and the subsequent distribution of ordinary share ADSs by the depositary, Bank of New York Mellon, upon surrender of preference share ADSs.
Key Facts for Investor Verification
- Verify that preference shares have been successfully converted to ordinary shares in your securities account on a 1:1 basis.
- Confirm that trading in preference share ADSs has ceased and that ordinary share ADSs are now the listed instrument on the NYSE.
- Note that the conversion became effective as of the close of trading on June 28, 2013.
- Be aware that the depositary will call for the surrender of outstanding preference share ADSs to facilitate the distribution of ordinary share ADSs.