IXOS 5-for-1 stock split

Germany's IXOS Software AG, provider of software solutions for the management of business documents in the SAP R/3 environment, has announced a 5-for-1 split of its bearer ordinary shares.

"The stock split will bring the NASDAQ-listed American Depositary Share (ADS) and the German share in a simplified, one-to-one ratio," stated Vijay Sondhi, chief financial officer. "The new share price will make the IXOS stock even more attractive for retail investors as well as to help to increase liquidity in the stock."