EANS-Adhoc: Austrian Airlines AG
Remaining minority shareholders of Austrian
Airlines to receive 0.50 euros per share
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
23.10.2009
The Executive Board of Austrian Airlines AG and the majority shareholder in Austrian Airlines, ÖLH Österreichische Luftverkehrs-Holding-GmbH (ÖLH), have jointly agreed on appropriate cash compensation of 0.50 euros per share in a squeeze out of the remaining shareholders of Austrian Airlines. The members of the Executive Board of Austrian Airlines AG and the Managing Directors of ÖLH will approve the joint report today in accordance with § 3 (1) Austrian Shareholder Exclusion Áct. The adequacy of this cash compensation still has to be verified by the Board of Directors of Austrian Airlines. A decision endorsing the squeeze out will be taken by an extraordinary shareholder meeting, which will presumably be held in mid-December. The minority shareholders of Austrian Airlines will receive cash compensation for their shares in conformity with the law after notification of the squeeze out has been entered in the commercial register. That will probably occur in the first half of 2010. ÖLH already holds 95.4 per cent of the share capital of Austrian Airlines.
Please find further information concerning the disclosure according to §§ 24 and 25 Media Act on www.austrian.com
Further inquiry note:
Austrian Airlines AG
Konzernkommunikation:
Mag. Martin Hehemann
Tel.: 05 1766-11231
Investor Relations:
Mag. Thomas Krammer
Tel.: 051766-13311
Branche: Air Transport
ISIN: AT0000620158
WKN: 875224
Index: WBI, Prime.market
Börsen: Wien / official market