euro adhoc: S&T System Integration&Technology Distribution AG
Capital measures
/ S & T AG increases its share capital in order to serve stock options
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Capital Increase
28.09.2007
Vienna, 28 September 2007. S&T will increase its share capital by using parts of the authorized capital under exclusion of the subscription rights of the shareholders to serve stock options pursuant to § 171 para 1 in conjunction with § 153 para 4 and § 159 para 2 subpara 3 of the Austrian Stock Corporation Act.
To serve the 16,362 exercised options form the stock options program of the year 2003, by resolution of the management board with the approval of the supervisory board the share capital of S&T AG will be increased through issue of 16,362 (sixteen thousand three hundred sixty two) no par value bearer shares against cash contributions. The issue price for each new share will be EUR 8,-- (Euro eight), which corresponds to the exercising price per option of the stock option program 2003. The conditions determined in the articles of association for the issue of new shares excluding the subscription rights are therefore met. It is expected that the capital increase will be registered in the commercial register in October 2007.
About S&T - www.snt-world.com - XETRA Vienna With about 3,000 employees and 461.3 million Euros revenue in 2006, S&T is the leading provider of IT consulting, IT solutions, and IT services for customers in Central and Eastern Europe and in the Germany-Austria-Switzerland region as well as in Asia. The consortium has together with the in spring 2007 acquired IMG a successful presence of over 80 subsidiaries in 22 countries. The core business of S&T is IT consulting, development and implementation, as well as the creation of custom IT solutions, processes and systems. S&T supports large and mid-sized companies along the entire IT value-added chain. In particular, S&T addresses the needs of the manufacturing and trade industries, telecommunications, the public sector, as well as financial service, energy service providers, car trade companies and aerospace & defense industry. S&T corporate headquarters is in Vienna and has been listed on the Vienna Stock Exchange since 2003.
end of announcement euro adhoc 28.09.2007 07:30:00
Further inquiry note:
Armin Baltzer
Head of Investor Relations
S&T System Integration & Technology Distribution AG
Geiselbergstrasse 17-19
1110 Vienna, Austria
Phone: +43 1 367 8088-1020
Fax: + 43 1 367 8088-1099
Mobile: +43 664 60191 1020
armin.baltzer@snt-world.com
www.snt-world.com
Branche: Computing & Information Technology
ISIN: AT0000905351
WKN:
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market