Press release BoxID: 103875 (Andritz AG)
  • Andritz AG
  • Stattegger Strasse 18
  • 8045 Graz
  • Contact person
  • Michael Buchbauer
  • +43 (316) 6902-2979

Andritz: Share split to be carried out as of May 3, 2007

(PresseBox) (Graz, ) The split of Andritz shares in a ratio of 1:4 will be carried out on the Vienna Stock Exchange on May 3, 2007, at the beginning of trade. The resolution of the Annual General Meeting of Shareholders of Andritz AG held on March 29, 2007, relating to the split of the shares, has been registered in the Companies Register. The number of shares is thereby quadrupled, from 13,000,000 to 52,000,000 no par value shares. Also on May 3, 2007, at the beginning of trade, the price of the Andritz share will be converted by the Vienna Stock Exchange to one fourth of the previous day's quotation.

All shareholders whose shares are in a bank deposit will automatically be credited with an additional three shares per share in the deposit on May 3, 2007 and do not have to take any measures. The share split is carried out free of costs.

Shareholders owning actual Andritz shares will receive three additional shares for one share by submitting the jacket. They are requested to submit the jackets to their bankers or to Erste Bank der oesterreichischen Sparkassen AG, A-1010 Vienna, Graben 21, during normal office hours, starting on May 3, 2007. If actual papers are needed to be delivered to shareholders, these will, as far as possible, be made available from the existing stock of share certificates. Delivery of the additional shares will be free of charge.

With this split of shares, Andritz intends to facilitate the tradeability of its shares and to increase their attractiveness, especially for retail investors.

As reported previously, the Annual General Meeting of Shareholders held on March 29, 2007, adopted a resolution in conjunction with the share split to adjust the capital stock from the company's own funds without issuing new shares. The capital stock was increased by EUR 9,490,000 ? from EUR 94,510,000 to EUR 104,000,000. Therefore, a portion in the capital stock of 2.00 Euros per share is reached after the share split.

Andritz AG

Die Andritz-Gruppe ist einer der weltweit führenden Lieferanten von kundenindividuell maßgeschneiderten Anlagen, Systemen und Dienstleistungen für die Zellstoff- und Papierindustrie, für Wasserkraftwerke, die Stahlindustrie sowie andere Spezialindustrien (Fest-Flüssig-Trennung, Futtermittel und Biomasse). Der Hauptsitz der Gruppe, die weltweit rund 12.900 Mitarbeiter beschäftigt, befindet sich in Graz, Österreich. Andritz verfügt über Produktionsstätten sowie Service- und Vertriebsgesellschaften auf der ganzen Welt.