Increase in issued share capital out of capitalised reserves
Wien (euro adhoc) -
Share capital quadrupled by conversion of restricted reserves and 3 for 1 bonus issue Share price as at 29 October adjusted to quarter of market price
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shares
Vienna, 27 October 2008 - The increase in authorised and issued share capital out of capital reserves approved in the Annual General Meeting of A-TEC Industries AG (ISIN AT00000ATEC) on 27 June 2008 will be recognised at the start of trading on the Vienna Stock Exchange on 29 October 2008. The issue of new, bonus shares to the value of EUR 19,800,000.- quadruples the issued share capital, from EUR 6,600,000.- to EUR 26,400,000.-. At the same time, on 29 October 2008 at the start of trading on the Vienna Stock Exchange, the price of A-TEC Industries shares will be adjusted to a quarter of the quoted price on the previous day.
All the necessary changes in the Company´s articles of incorporation were registered in the Commercial Register of the Commercial Court of Vienna on 2 October 2008. On 23 October the Vienna Stock Exchange approved the application by A-TEC Industries for admission of the new shares (bonus shares) to listing on the Official Market of the Vienna Stock Exchange in the Prime Market segment.
The new shares will be listed on the Vienna Stock Exchange on 29 October 2008 and the listed price adjusted at the start of trading to a quarter of the closing price on the previous day. For each share they hold, shareholders will receive three bonus shares, making four no par value shares in A-TEC Industries AG. Shareholders whose shares are held in custodial accounts at banks will automatically and without further action on their part receive scrip certificates for three additional shares for each share they currently hold. The allotment of new shares is free of cost. New shares rank pari passu with old shares and are entitled to dividends with effect from 1 January 2008.
Following the increase in capital out of capital reserves and the issue of new shares, the conversion price of the 2.75% convertible loan 2007-2014 (ISIN AT0000A05CS2) is adjusted from EUR 225.00 per share to EUR 56.25 per share. In accordance with the terms and conditions of the issue, each convertible note with entitlement to conversion at EUR 225.00 then entitles to conversion into four new no par value shares in A-TEC Industries AG. The adjustment takes effect on 29 October 2008.
The changes in the terms and conditions of the convertible loan 2007-2014 and the information published pursuant to section 75(1)(5) Austrian Stock Exchange Act (BörseG) and section (3)(1)(6) Capital Markets Act (KMG) are available free of charge at the registered office of A-TEC Industries Aktiengesellschaft, Wächtergasse 1, A-1010 Vienna, and from the offices of the payment and conversion agent, Erste Group Bank AG, Graben 21, A-1010 Vienna (banking hall, information desk), and may be downloaded via internet at www.a-tecindustries.com.
About A-TEC Industries Vienna listed and headquartered A-TEC Industries AG is an international industrial group with thriving drive technology, plant construction, machine tools and metal industry divisions. The group currently employs around 13,500 people, and in 2007 posted revenues of EUR 2.4 billion. For further information visit www.a-tecindustries.com.
end of announcement euro adhoc
Further inquiry note:
Press Office A-TEC Industries AG
Claudia Müller-Stralz
PLEON PUBLICO, Neulinggasse 37, A-1030 Vienna, Austria
Tel: +43 (1) 71786 107, fax: +43 (1) 71786 60
claudia.mueller@pleon-publico.at
Branche: Holding companies
ISIN: AT00000ATEC9
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / Regulated free trade