Austrian Airlines announces conclusion of capital increase

The Board of Management decided on 16-Sept-08, with the consent of the Supervisory Board, to increase its issued share capital by EUR 7,364,172 from its current nominal amount of EUR 257,040,000 EUR to EUR 264,404,172 by issuing 2,454,724 new unit shares made out in the name of the holder. As a result, all existing shareholders who exercised their purchase rights receive the young shares.

JJW Central & Eastern Europe Beteiligungsverwaltungs GmbH, the company of Mr Al Jaber, failed to comply with the demand for payment within the deadline set of 15-Sept-08. By carrying out the purchase offer, Austrian Airlines AG has fulfilled all the contractual obligations necessary for the assertion of its claims towards Mr Al Jaber. As a listed company, Austrian Airlines AG is required to maintain the claims of its shareholders. Therefore the company will now consistently take the next steps necessary.


(c) Centre for Asia Pacific Aviation. Date posted: 17-Sep-08
 

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