euro adhoc: Austrian Airlines AG
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SUPERVISORY BOARD OF AUSTRIAN
AIRLINES AG SUPPORTS THE PARTICIPATION BY SHEIKH
MOHAMED BIN ISSA AL JABER
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
12.03.2008
Capital increase with full rights offering planned
Subscription price EUR 7.10 per share
At its meeting on 12 March 2008, the Supervisory Board of Austrian Airlines AG acknowledged the participation of the Saudi-Arabian Austrian businessman Sheikh Mohamed Bin Issa Al Jaber in Austrian Airlines AG by way of a capital increase with full subscription rights of the existing shareholders.
At the annual shareholders´ meeting on 7 May 2008, the Management Board will propose an ordinary capital increase with full subscription rights of the existing shareholders. Up to 57,120,000 new bearer shares will be issued against cash contribution, depending on how many subscription rights are exercised. The subscription price per share is intended to be EUR 7.10.
The investor will subscribe the number of new shares necessary to ensure a participation of 20% in the company (after exercise of the subscription rights of the existing shareholders). The members of the Austrian Airlines syndicate will not participate in the capital increase. The investor will contribute his shares to the extent necessary to maintain the syndicate´s majority in order to comply with air traffic regulations. ÖIAG will continue to dominate the syndicate.
The company will grant a discount for up to 1,000 new shares to every shareholder who held shares of the company in his securities account on March 10, 2008, by way of a subsequent price reduction.
At the annual shareholders´ meeting on 7 May 2008 a nominee of the investor is intended to be elected into the Supervisory Board of Austrian Airlines.
Please find further information concerning the disclosure according to §§ 24 and 25 Media Act at www.austrian.com
end of announcement euro adhoc
Further inquiry note:
Konzernkommunikation:
Livia Dandrea-Böhm
Tel.: 051766-11231
Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 13311
Branche: Air Transport
ISIN: AT0000620158
WKN: 875224
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official market