News vom 30.05.2006
This year’s largest public offering so far on the Vienna Stock Exchange completed successfully
- Offering price fixed at the upper end of the price range at EUR 19
- Offering size of approximately EUR 600 million (excluding over-allotment option) approximately eight-times subscribed
- One third of the offering placed with Austrian investors
Immediately following the end of the offering period the offering price for the shares of Austrian Post offered in the public offering was fixed at EUR 19 per share.
As a result of very strong domestic and international demand the offering size of 31,500,000 shares (excluding over-allotment option) was approximately eight-times subscribed. Assuming the over-allotment option is exercised in full, a total of 34,300,000 shares or 49.0% of the share capital will be sold. ÖIAG will receive all proceeds from the sale of the shares.
Domestic retail investors that submitted orders with Erste Bank, an Austrian savings bank, an Austrian Raiffeisenbank, BAWAG P.S.K. (including branches of Austrian Post) and ecetra European e-Finance AG (brokerjet.at) within the preferential allotment period, which was terminated early on May 23, 2006, will receive an allotment of 50% up to an order size of 400 shares and of 20% in excess of that amount.
13,361 employees of Austrian Post participated in the employee participation plan, this corresponds to 51.4% of the entitled employees; they will be alotted a total of 1,697,145 shares. Thus a total of 5.4% of the offering size (excluding over-allotment option) will be alotted to employees.
Based on the offering price, Austrian Post’s market capitalization is EUR 1.33 billion.
Trading of the shares of Austrian Post in the Prime Market segment of the Vienna Stock Exchange will commence on May 31, 2006. Payment and delivery of the shares is expected to take place on June 2, 2006.
Erste Bank and Goldman Sachst acted as joint bookrunners and joint lead manages for the institutional syndicate, Raiffeisen Centrobank and Erste Bank acted as such for the retail syndicate. In addition, the syndicate included Deutsche Bank and BAWAG P.S.K.
A prospectus in accordance with the Capital Markets Act (Kapitalmarktgesetz, KMG) and Regulation (EC) 809/2004 was published on May 15, 2006 and may, together with the addendum of May 19, 2006, be obtained by investors free of charge from Österreichische Post AG, Postgasse 8, 1010 Wien, from Erste Bank AG, Graben 21, 1010 Wien, and from Raiffeisen Centrobank AG, Tegetthoffstraße 1, 1015 Wien during normal business hours.
THIS PRESS RELEASE OR THE INFORMATION CONTAINED THEREIN IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. THE SECURITIES OF OESTERREICHISCHE POST AKTIENGESELLSCHAFT HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.
This communication is directed only at persons (I) who are outside the United Kingdom or (II) who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (as amended) (the “Order”) or (III) who fall within article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Order (all such persons together being referred to as “Relevant Persons”). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
For further information please contact:
Österreichische Post AG
Tel.: +43 (1) 515 51 - 32010
Österreichische Industrieholding AG
Mag. Anita Bauer
Dresdner Straße 87, 1200 Wien
Tel.: 01/711 14-602