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OIAG PRESS RELEASE
voestalpine AG fully privatised by end of August
Exchangeable notes completely converted
By 19 August 2005, all the investors who had subscribed to the exchange-able notes issued by OIAG on voestalpine shares since September 2003 had taken advantage of their right to convert these bonds.
The last tranche of shares held by OIAG was transferred to investors in the exchangeable bond on 31 August. The privatisation of voestalpine was therefore completed on this date.
Following OIAG’s disposal of these shares, voestalpine now has a stable Austrian core shareholder structure established during the course of privatisation and left unchanged by these events. Today around half of voestalpine shares are in the hands of Austrian institutional and private investors, with more than ten per cent held by the voestalpine employee fund.
“Starting with the IPO in October 1995, this final privatisation step has enabled us to create the conditions to ensure the continued independence and enduring strength of the company. The excellent management team and dedicated employees of voestalpine have made the company a global player, and one of the most successful enterprises in this sector,” explains Rainer Wieltsch, member of the OIAG Managing Board.
Vienna, 30 August 2005
Further Information:
OIAG Corporate Communications
Anita Bauer
Mob.: +43 664 13 40 333
anita.bauer@oiag.at
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