Austrian Airlines launches capital increase based on resolutions passed at annual shareholders' meeting

The subscription period starts on 25-Aug and ends on 8 Sept-08, 12.00 p.m., CET. The exact volume of the capital increase will be determined after the expiration of the subscription period.

New bearer shares will be issued with full subscription rights of the existing shareholders. Those shares not allocated to existing shareholders which exercise their subscription rights, will be allocated to “JJW Central & Eastern Europe Beteiligungsverwaltungs GmbH“ (the company of investor Al Jaber) in an amount corresponding to 20% of the shares in Austrian Airlines, after taking into consideration the subscription rights exercised by the Company's existing shareholders.

There will be no trade of the subscription rights. The company did not publish a prospectus and did not instruct any third person to conduct a trade of the subscription rights.

(c) Centre for Asia Pacific Aviation. Date posted: 25-Aug-08
 

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