Extraordinary general meeting of Bank Austria:
Decision on capital and reserve increase
- UniCredit strengthens Bank Austria's capital base with around EUR 2 bn as planned
- Validity when entered into commercial register
Bank Austria's extraordinary general meeting today decided in favour of the capital increase according to the agenda: Its owner, UniCredit, will strengthen Bank Austria's equity base with around EUR 2 bn by acquiring about 29 million shares. The new shares have a pro rata-share of share capital of EUR 7.27 each; their issue price is EUR 68.50 a share. As a result, EUR 212 m from the proceeds of the issue will flow into Bank Austria's equity capital, which will thereby be put up to EUR 1.7 bn. The remaining approximately EUR 1.8 bn will be used for reserve endowment. The general meeting's decision will become valid as soon as the transaction is entered into the commercial register.
Alessandro Profumo, chairman of Bank Austria's supervisory board, says, "With this capital increase fully supported by the Group, UniCredit Bank Austria will be well prepared for the future. This measure will further strengthen the bank's structure in order to allow for a continuing focus on the core task of financing companies and private households in Austria as well as in CEE."
For further inquiries: Bank Austria Press Office Austria
Martin Halama, Tel. +43 (0) 50505 - 52371
Tiemon Kiesenhofer, Tel. +43 (0) 50505 - 52819