VERBUND stock split in the ratio of 1:10 to be carried out today
As announced in the press release of 16 May 2006, the stock split of the Österreichische Elektrizitätswirtschafts-Aktiengesellschaft (VERBUNDgesellschaft) will be carried out today in the ratio of 1:10. The price of the VERBUND share will now, therefore, as of the beginning of trading at the Vienna Stock Exchange, be a tenth of the previous price (and thus shown as a double-digit amount).
The shares already in circulation retain their validity. On submission of Coupon No. 17, shareholders will receive nine additional VERBUND shares for one share certificate. The coupon can be submitted as of immediately at Erste Bank der oesterreichischen Sparkassen AG, 1010 Vienna, Graben 21. Shareholders who have their shares deposited at a bank will, from today’s cut-off date, automatically be credited with the additional shares and thus do not have to take any action. The stock split will take place free of charge.