EVN AG — Share Issue/Capital Change 2004

Jun 28, 2004

News Details

Ad-hoc | 28 June 2004 08:40

EVN AG plans increase in capital

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– EVN AG plans increase in capital The Management Board of EVN AG has, with the approval of the Supervisory Board, decided to make use of the current authorised capital – authorised in the 70th AGM of EVN AG as of January 22, 1999 – and to carry out an increase in capital, as market conditions allow. The share capital of EVN is to be increased from currently EUR 91,072,392.62 by up to EUR 7,997,000 to EUR 99,069,392.62 by issuing up to 3.3 million new shares, representing an increase of its existing share capital of up to 8,8%. The capital increase is subject to the decision of the Federal Province of Lower Austria, 51% shareholder of EVN, to participate in the capital increase. The Federal Province of Lower Austria parliament is expected to publicly discuss the increase in capital on July 1, 2004 with a formal decision to be made by the Regional Government on 6 July 2004. If approved, a more fulsome disclosure of terms and conditions would follow on July 7, 2004. Raiffeisen Centrobank and UBS Warburg have been appointed as Lead Managers for the transaction. EVN intends to use the proceeds from the issue primarily to finance continued expansion in the energy sector as well as for future large-scale projects in its water and thermal waste incineration businesses. end of ad-hoc-announcement (c)DGAP 28.06.2004 ——————————————————————————– WKN: 074105; ISIN: AT0000741053; Index: ATX Listed: Amtlicher Handel in Wien; Amtlicher Markt in Frankfurt (General Standard, WKN 878279) und München; Freiverkehr in Berlin-Bremen und Stuttgart 280840 Jun 04