Telekom Austria AG — Major Shareholding Notification 2002

Jun 7, 2002

News Details

Ad-hoc | 7 June 2002 06:58

Telekom Austria AG english

ÖIAG and Telekom Austria agree with Telecom Italia …(Part 3) Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Part 3 of the ad hoc announcement of Telekom Austria AG For any shares sold thereafter in a public market transaction, Telecom Italia and ÖIAG have the right to sell an equal number of shares. All such disposals will be subject to customary lock-up provisions. Upon disposal of at least 50 million shares (10% of Telekom Austria’s share capital), but in any case no later than 30 April 2003, Telecom Italia will lose any remaining special shareholder rights and the two Telecom Italia nominated supervisory board members will subsequently be replaced by two independent shareholder representatives. In parallel to any public market transaction, ÖIAG and Telecom Italia retain the right to sell shares in private transactions. In Telecom Italia’s case, such sales are subject to the consent of ÖIAG. In case of sales by ÖIAG, Telecom Italia’s shares must be included in the transaction. At the next ordinary shareholders meeting of Telekom Austria on 12 June 2002, ÖIAG and Telecom Italia shall vote in favor of the conversion of all registered shares into bearer shares. Additional details will be posted on the Telekom Austria website www.telekom.at during the course of today. Contact: Hans Fruhmann, Telekom Austria AG, Investor Relations, Tel.: +43 (0) 590591-20917, E-mail: hans.fruhmann@telekom.at end of ad-hoc-announcement (c)DGAP 07.06.2002 ——————————————————————————– WKN: 072000; ISIN: AT0000720008; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Düsseldorf, Frankfurt, München, Stuttgart 070658 Jun 02