OIAG/IPIC consortium increased shareholding in OMV to 50.7% | OIAG/IPIC consortium increased shareholding in OMV to 50.7% -
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OIAG/IPIC consortium increased shareholding in OMV to 50.7%

United Arab Emirates: Thursday, October 23 - 2008 @ 15:10

IPIC now owns 57,485,686 shares (increase from 17.6% to 19.2% of the registered capital).

A consortium agreement concluded by OMV’s two core shareholders Österreichische Industrieholding AG (OIAG) representing the Austrian state and IPIC provides for their coordinated behavior and for restrictions on shareholdings.

OIAG and IPIC now hold 151,985,676 shares (50.7% of the registered capital).

The registered capital of OMV consists of 300,000,000 shares whereof 1,237,875 treasury shares held by OMV are not entitled to vote thus resulting in a total of 298,762,125 voting rights.

Other than treasury shares one share equals one voting right. Therefore 151,985,676 shares/voting rights represent 50.9% of all voting rights.

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Thursday, October 23- 2008 @ 15:10 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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