voestalpine AG

EANS-Adhoc: voestalpine AG
voestalpine resolves to increase registered capital by 0.8% in order to further expand employee shareholding scheme

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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is solely responsible for the content of this announcement.
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Restructuring & Recapitalisations/Company Information
06.03.2017


Subject to the approval of the Supervisory Board, voestalpine AG's Management
Board resolved on March 6, 2017 to exercise its power to increase the Company's
registered capital in accordance with § 4 (2b) of its Articles of Association by
issuing 1,400,000 new bearer shares at no par value, thus increasing the
registered capital by approximately 0.8%. The issue price was fixed at EUR 39.93
per share. The issue price of the shares corresponds to the closing average
market price of the voestalpine share over the 5 trading days prior to the
resolution of Management Board adopted on March 6, 2017.

The purpose of issuing the new shares is to further expand and safeguard
voestalpine's employee shareholding scheme. The subscription rights of all other
shareholders are thus being excluded, and shares may be acquired only by
voestalpine Mitarbeiterbeteiligung Privatstiftung, which shall hold the shares
for the employees participating in the voestalpine employee shareholding scheme.

Upon completion of the capital increase, the company's capital stock will be
EUR 320,394,836.99 and consist of 176,349,163 individual shares. The capital
increase is scheduled to take place until the end of March 2017.

As early as 2000, voestalpine has launched an employee shareholding scheme which
has subsequently been expanded continually. Currently voestalpine
Mitarbeiterbeteiligung Privatstiftung held 12.92% of voestalpine AG's capital.
Additionally, voestalpine Mitarbeiterbeteiligung Privatstiftung manages
approximately 1.2% of private shares of present and former employees. With the
capital increase this share will rise to 13.61% (plus approximately 1.19% of
private shares).

This ad-hoc notice constitutes neither an offer for sale nor an invitation to
submit an offer to purchase voestalpine AG securities. As the new shares are not
being offered for public subscription but rather are being offered for
subscription exclusively to the voestalpine Mitarbeiterbeteiligung
Privatstiftung holding the shares for the employees participating in the
voestalpine shareholding scheme, and as the increase in capital stock amounts to
less than 10% of all issued and listed voestalpine shares, no prospectus is
required to be issued pursuant to the Austrian Capital Market Act
[Kapitalmarktgesetz] or the Austrian Stock Exchange Act [Börsegesetz].

Further details as to the publication, particularly the report of voestalpine
AG's Management Board concerning the exclusion of the subscription rights, is
available on www.voestalpine.com under Investors or please contact the Investor
Relations Team of voestalpine AG under +43/50304/15-9949 for any further
details.


Further inquiry note:
DI Peter Fleischer
Head of Investor Relations
Tel.: +43/50304/15-9949
Fax:  +43/50304/55-5581
mailto:peter.fleischer@voestalpine.com
http://www.voestalpine.com

end of announcement                               euro adhoc 
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issuer:      voestalpine AG
             voestalpine-Straße  1
             A-4020 Linz
phone:       +43 50304/15-9949
FAX:         +43 50304/55-5581
mail:     IR@voestalpine.com
WWW:      www.voestalpine.com
sector:      Metal Goods & Engineering
ISIN:        AT0000937503
indexes:     WBI, ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English
 



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