VERBUND AG — Share Issue/Capital Change 2006

Feb 20, 2006

News Details

Ad-hoc | 20 February 2006 20:52

Österreichische Elektrizitätswirtschafts AG: Verbund plans stock split

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— The listed utility Verbundgesellschaft, Austria’s largest electricity supplier, is planning a stock split. In view of the positive development of the share price, the Managing Board of Verbundgesellschaft shall propose a stock split in the ratio of 1:10 as well as an increase in the share capital using company funds (capital adjustment) of EUR 84,222,325.00 to EUR 308,200,000.00 to the General Meeting on 20 March 2006. This should increase the volume sales of the Verbund share and enhance its attractiveness for small investors. The measure has already been approved by the Supervisory Board, but the approval of the General Meeting is also required by way of a qualified majority. Should this measure be approved by the General Meeting on 20 March 2006, it´s implementation will follow in the first half of 2006. (c)DGAP 20.02.2006 ————————————————————————— language: English emitter: Österreichische Elektrizitätswirtschafts AG Am Hof 6A 1010 Wien Österreich phone: 0043-1-53113-52616 fax: 0043-1-53113-52694 email: andreas.wollein@verbund.at WWW: www.verbund.at ISIN: AT0000746409 WKN: 74640 indexes: ATX stockmarkets: Amtlicher Markt in Wiener Börse, Frankfurt; Freiverkehr in Berlin-Bremen, Stuttgart End of News DGAP News-Service —————————————————————————