EVN AG
EVN AG: EVN stock split scheduled for April 17, 2008
EVN AG / Miscellaneous/Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- The 79th Annual General Meeting of the shareholders of the EVN Group resolved to increase the capital stock of the corporation and carry out a stock split by a ratio of 4 for 1. The underlying reason was to facilitate easier and thus more shareholder-friendly trading of the EVN share, and thus enable liquidity to be increased. As an accompanying measure, the share capital will be increased by EUR 200,930,607.38, from the current amount of EUR 99,069,392.62 to EUR 300,000,000.As a result of the stock split carried out at a ratio of 4 for 1, the capital stock of EVN will no longer be divided by the current total of 40,881,455 non-par value bearer shares, but by 163,525,820 non-par value bearer shares. As a consequence of the stock split, every shareholder will receive three additional non-par value bearer shares for every non-par value bearer share in his or her possession. The additional shares are represented in a global share certificate. It is not intended to issue individual share certificates. Practical implementation of the stock split The practical implementation of the stock split depends upon the particular safekeeping of the securities: Shares deposited at a custodian bank: Shareholders whose shares are held in a safe custody at a custodian bank will automatically receive a custody account credit for the additional shares. The stock split will be carried out at no cost to the shareholders. Shares kept at home: Shareholders whose shares are kept at home will be asked to hand in their shares to their local bank during normal business hours, starting on the effective date of the stock split. Subsequently, the shareholder will be credited with an additional three non-par value bearer shares in the form of a custody account credit for every non-par value bearer share in his or her possession. If actual papers are needed to be delivered to shareholders, these will, as far as possible, be made available from the existing stock of share certificates. However, there is no entitlement to these share certificates. The stock split and the crediting of the additional shares are carried out free of charge. The effective date of the stock split is April 17, 2008. The authorized paying and receiving agent and thus the contact partner for the local bank is Bank Austria Creditanstalt AG, Vienna. EVN AG Corporate Communications EVN Group Stefan Zach EVN Platz 2344 Maria Enzersdorf Tel.: +43 2236 200-122 94 Fax: +43 2236 200-822 94 Mobil: +43 676 810 32 2294 stefan.zach@evn.at www.evn.at 10.04.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: EVN AG EVN Platz 2344 Maria Enzersdorf Österreich Phone: +43-2236-200-12294 Fax: +43-2236-200-82294 E-mail: info@evn.at Internet: www.evn.at ISIN: DE0002494200, AT0000741053 WKN: 249420, 878279 End of News DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden