| Offeree company | Österreichische Postsparkasse Aktiengesellschaft (FN 158.442 d) |
|---|---|
| ISIN | AT 000075340 5 |
| Offeror | Österreichische Postsparkasse Aktiengesellschaft |
| Acceptance period | 17 May to 16 Jun 2000, 15. hrs. Vienna local time |
| Offer price | EUR 190 (ATS 2,614.46) per participation certificate with a nominal value of ATS 500 (i.e. EUR 36.34) each |
| Offer volume | all participation certificates, total nominal value ATS 134,000,000/EUR 9,738,159.78 |
| Premium | +21.02% (trading day before announcement of intention), +17.13% (6 M) |
| Paying agent | Österreichische Postsparkasse Aktiengesellschaft |
| Share held by bidder prior to announcement of offer | ATS 4,370,500 (8,741 shares); parties acting in concert: ATS 6,000,000 (12,000 shares) |
| Withdrawal pursuant to § 102 a Banking Act: | The company points out that after expiry of the acceptance period for this offer, the resolution reached at the general shareholders’ meeting of 16 May 2000 on the redemption of the participation capital pursuant to § 102 a Banking Act will be announced by the management board in the Official Gazette of ‘Wiener Zeitung’.With this announcement, all still existing participation certificates will be redeemed.The holders of the participation certificates are entitled to a cash settlement at the average market price of the participation certificates on the preceding 20 trading days with quotations before the resolution on the withdrawal was adopted at the general shareholders’ meeting of 16 May 2000 - rounded up to EUR 0.1. |
