Erste Group Bank AG — Share Issue/Capital Change 2002

Jun 12, 2002

News Details

Ad-hoc | 12 June 2002 08:30

Erste Bank d. Oest. Spark english

Erste Bank to strengthen capital base through capital increase Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– In order to continue to build on its leading position in Central European retail banking with the backing of strengthened capital resources, Erste Bank der oesterreichischen Sparkassen AG, which together with its savings bank partners now has over 10 million customers, plans to conduct a capital increase. At a meeting on Monday June 10th, Erste Bank’s Supervisory Board authorised the Management Board to conduct a public offering of shares through a capital increase. The authorisation permits the issue of at least 8 million shares, representing around 16% of the existing share capital (EUR 368 million). Erste Bank intends to use the funds raised through the capital increase primarily to acquire shares in Ceska sporitelna held by Erste Bank’s largest shareholder, AVS, following AVS’ tender offer to Ceska sporitelna public shareholders. So far 49.5 million shares in Ceska sporitelna with a combined value of around EUR 615 million have been tendered to AVS. Further details on the planned share offer are expected to be announced on 25 June 2002. The information contained herein is not for publication or distribution to persons in the United States of America. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom. The materials do not constitute an offer of securities for sale in the United States or any jurisdiction where such sale would be unlawful. This document does not constitute an offer of securities, nor a solicitation for an offer of securities, nor marketing or sales activity for such securities. This document must not be used for such an offer or such marketing activities. If a public offer is made, a prospectus will be filed and published in advance in accordance with the Austrian Capital Market Act (“Kapitalmarktgesetz”). end of ad-hoc-announcement (c)DGAP 12.06.2002 ——————————————————————————– WKN: 065201; ISIN: AT0000652011; Index: Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg, München und Stuttgart 120830 Jun 02